Business
China loves Apples
Dec 17, 2012 / 6:43 am
Apple said Monday that it sold more than 2 million iPhone 5s in China in their first three days of availability, setting a record for that market.
The iPhone 5, which launched in China on Friday, will be available in more than 100 countries by the end of December.
The phone first went on sale on Sept. 21 in the U.S., Germany, France, Japan and five other countries, with more than 5 million sold in the first three days.
That also set a record, but it only beat last year's iPhone 4S launch by a small margin, falling short of some analysts' expectations. Apple shares hit an all-time high of $705.07 that day, but in the months since the stock has plunged about 28 per cent.
On Sunday, Citi analyst Glen Yeung cut his rating for the company to "Neutral" from "Buy," questioning the strength of iPhone 5 demand and saying that it's unlikely Apple shares will rally any time soon.
Apple Inc. shares fell $6.85 to $502.94 in premarket trading Monday.
Read more Business News
Today's Market
| S&P TSX | 12780.37 | +167.32 |
| S&P CDNX | 934.86 | +0.18 |
| DJIA | 15385.10 | +49.82 |
| Nasdaq | 3498.965 | +33.722 |
| S&P 500 | 1669.97 | +3.68 |
| Gold | 1368.70 | -15.6001 |
| Lumber | 316.00 | -4.50 |
| Oil | 95.80 | -0.91 |
| Natural Gas | 4.169 | +0.079 |
| CDN Dollar | 0.9738 | N/A |
_
Okanagan Companies
| Sun Rype | 6.15 | +0.15 |
| Pacific Safety | 0.05 | +0.005 |
| Knighthawk | 0.02 | 0.00 |
| QHR Technologies Inc | 0.58 | +0.03 |
| Cantex | 0.015 | 0.00 |
| Anavex Life Sciences | 0.505 | -0.025 |
| Metalex Ventures | 0.085 | +0.01 |
| Russel Metals | 27.26 | +0.61 |
| Copper Mountain Mining | 1.58 | +0.06 |
| Colorado Resources | 1.59 | +0.11 |
| ReliaBrand Inc | 0.13 | 0.00 |
_
Tips for a stress-free summer moveThe majority of Canadians prefer to make their big move during the summer season. There are a variety of reasons for choosing this time of year: it is easier to transport boxes in non-icy condition...
Income properties for sustained recoveryIt appears as though more people these days are looking for an investment in real estate which offers cash flow returns. The fundamentals of cash flow type properties had been turned upsi...
Get in the LoopGetintheloop Marketing Ltd. recently launched their membership platform, Getintheloop.ca. The new website offers an exclusive members area for access to discounts in the South Okanagan on premium res...
_
- Open for business
- 'Gatsby' earns $51.1M, 'Iron Man' $72.5M
- Chrysler recalls nearly 470,000 SUVs
- Bell not interested in selling more Astral
- Loonie dips over a quarter
- Taxman and the offshore tax havens
- Sharktopus views turns on YouTube TV
- Social media makes Disney blink
- BCE looks to cut $170 million
- TD Bank: Loonie could fall to 90 cents US
- Mixed results for North American markets
- Ex-Enron CEO cuts new deal
Showcase your business like no other marketing can and Join the growing number of businesses that get more customers.
Learn more here
