Apple has reported that it sold more than 2 million iPhone 5 smartphones in China over the weekend, setting a new record. However, the company’s stock has been on the decline.
Ars Technica’s Chris Foresman reported, “Apple’s push into China is making some inroads, as indicated by the iPhone 5 launch in China this past weekend. The company announced Monday morning that it sold over 2 million iPhone 5 handsets in greater China in the last three days—a new record launch in that market for Apple. The number is particularly impressive given that the iPhone 5 isn’t available on China’s largest carrier, China Mobile. ‘Customer response to iPhone 5 in China has been incredible, setting a new record with the best first weekend sales ever in China,’ said Tim Cook, Apple’s CEO. ‘China is a very important market for us and customers there cannot wait to get their hands on Apple products.'”
InformationWeek’s Eric Zeman added, “Apple said the iPhone 5 will be available for sale in more than 100 markets by the end of the year, which Apple calls the fastest iPhone rollout ever. Apple sold more than four million iPhone 5s when it first launched in September. At this point, Apple has not said how many iPhone 5s it has sold in total since it first went on sale.”
The iPhone 5 isn’t the only Apple product selling well. Nathan Eddy from eWeek noted, “Apple’s latest entry into the red-hot tablet market, the iPad mini, has so far been a critical and commercial success. The 7-in. tablet, which starts at $329, has been even more successful than Apple anticipated, according to a blog post from NPD DisplaySearch, which reported Apple planned to sell 6 million units in 2012, but the company is asking panel makers to ship more than 12 million in the fourth quarter 2012 to fulfill the strong demand.”
Despite the strong sales, Dave Thier from Forbes observed, “CEO Tim Cook says that it’s been the best weekend of sales in China, ever. It hasn’t much helped the stock, though, which dipped below $500 for the first time in months this morning. There was a time when any piece of Apple news seemed to send the stock ticking up, but the trend reversed itself right around the iPhone 5 announcement. Now, investors see attackers on all sides. Once there were only possibilities, now people only see potential downfalls. Apple has erased the lion’s share of the incredible gains it made this year, even if it will likely stay comfortably north of the $405 stock price that it closed 2011 with.”
Huawei’s AI Update: Things Are Moving Faster Than We Think
FEATURE | By Rob Enderle,
December 04, 2020
Keeping Machine Learning Algorithms Honest in the ‘Ethics-First’ Era
ARTIFICIAL INTELLIGENCE | By Guest Author,
November 18, 2020
Key Trends in Chatbots and RPA
FEATURE | By Guest Author,
November 10, 2020
FEATURE | By Samuel Greengard,
November 05, 2020
ARTIFICIAL INTELLIGENCE | By Guest Author,
November 02, 2020
How Intel’s Work With Autonomous Cars Could Redefine General Purpose AI
ARTIFICIAL INTELLIGENCE | By Rob Enderle,
October 29, 2020
Dell Technologies World: Weaving Together Human And Machine Interaction For AI And Robotics
ARTIFICIAL INTELLIGENCE | By Rob Enderle,
October 23, 2020
The Super Moderator, or How IBM Project Debater Could Save Social Media
FEATURE | By Rob Enderle,
October 16, 2020
FEATURE | By Cynthia Harvey,
October 07, 2020
ARTIFICIAL INTELLIGENCE | By Guest Author,
October 05, 2020
CIOs Discuss the Promise of AI and Data Science
FEATURE | By Guest Author,
September 25, 2020
Microsoft Is Building An AI Product That Could Predict The Future
FEATURE | By Rob Enderle,
September 25, 2020
Top 10 Machine Learning Companies 2020
FEATURE | By Cynthia Harvey,
September 22, 2020
NVIDIA and ARM: Massively Changing The AI Landscape
ARTIFICIAL INTELLIGENCE | By Rob Enderle,
September 18, 2020
Continuous Intelligence: Expert Discussion [Video and Podcast]
ARTIFICIAL INTELLIGENCE | By James Maguire,
September 14, 2020
Artificial Intelligence: Governance and Ethics [Video]
ARTIFICIAL INTELLIGENCE | By James Maguire,
September 13, 2020
IBM Watson At The US Open: Showcasing The Power Of A Mature Enterprise-Class AI
FEATURE | By Rob Enderle,
September 11, 2020
Artificial Intelligence: Perception vs. Reality
FEATURE | By James Maguire,
September 09, 2020
Anticipating The Coming Wave Of AI Enhanced PCs
FEATURE | By Rob Enderle,
September 05, 2020
The Critical Nature Of IBM’s NLP (Natural Language Processing) Effort
ARTIFICIAL INTELLIGENCE | By Rob Enderle,
August 14, 2020
Datamation is the leading industry resource for B2B data professionals and technology buyers. Datamation's focus is on providing insight into the latest trends and innovation in AI, data security, big data, and more, along with in-depth product recommendations and comparisons. More than 1.7M users gain insight and guidance from Datamation every year.
Advertise with TechnologyAdvice on Datamation and our other data and technology-focused platforms.
Advertise with Us
Property of TechnologyAdvice.
© 2025 TechnologyAdvice. All Rights Reserved
Advertiser Disclosure: Some of the products that appear on this
site are from companies from which TechnologyAdvice receives
compensation. This compensation may impact how and where products
appear on this site including, for example, the order in which
they appear. TechnologyAdvice does not include all companies
or all types of products available in the marketplace.