Tuesday, September 2nd12.8°C
22817
22915

China loves Apples

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.

The Canadian Press


Read more Business News

22364


Recent Trending




Today's Market
S&P TSX15619.08-6.65
S&P CDNX1010.88-13.11
DJIA17067.56-30.89
Nasdaq4598.188+17.917
S&P 5002002.28-1.09
CDN Dollar0.91490.00
Gold1267.90+2.90
Oil93.16+0.28
Lumber350.50+0.80
Natural Gas3.948+0.01

 
Okanagan Companies
Pacific Safety0.20+0.005
Knighthawk0.01-0.005
QHR Technologies Inc1.18-0.01
Cantex0.08+0.01
Anavex Life Sciences0.24-0.01
Metalex Ventures0.07-0.005
Russel Metals36.42-0.06
Copper Mountain Mining2.90-0.03
Colorado Resources0.165-0.015
ReliaBrand Inc0.100.00
Sunrise Resources Ltd0.0250.00
Mission Ready Services0.225-0.02

 



22929

FEATURED Property
1976547#1205-2440 Old Okanagan Hwy
3 bedrooms 2 baths
$299,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


Manage your behaviour

You can’t manage what you can’t control! You can’t manage the number of sales you’re going to make but you can manage the behaviour that will help you make those sales. Obvious...


At the Core: Lessons in pricing from Apple

Apple has taught many entrepreneurs the importance of design, how to create buzz when introducing new products to the marketplace, how to pioneer new technology and the importance of superior quality....


New Real Estate Brokerage in town

Move over “big guys” there’s a new brokerage in town featuring local expertise, long standing experience and a fresh boutique approach. Kelowna, August 31 2014 – You may have...

_








Member of BC Press Council