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11-07-2011, 11:21 AM #1
iPhone 4S Hong Kong Pre-Orders Sell Out in 10 Minutes
Apple’s iPhone 4S pre-orders sold out 10 minutes after becoming available last Friday in Hong Kong.
It looks like Apple’s increased focus on the Chinese market is already paying dividends.
Ticonderoga Securities Analyst Brian White claims that his checks with his sources indicated the iPhone 4S sold out within the first 10 minutes of availability Friday. Concerns about slowed iPhone 4S sales because of Siri not supporting Mandarin or Cantonese appear to be unfounded.
"In our view, this is a very positive sign for iPhone 4S demand in Greater China has Hong Kong represents the first entry of the new smartphone in the rapidly growing region, and we expect the 4S to reach Mainland China in December. We believe this rapid sell out will rest concerns surrounding the uptake of the iPhone 4S in the Greater China region that were driven by the limited language capability of Siri, which did not launch in Mandarin or Cantonese.” — White.
Apple has repeatedly mentioned the upside to China and the sales potential of the region with billion-plus possible customers. Apple’s sales in China were up 270% year-over-year and accounted for 16% of the company’s total sales on $4.5 billion in revenue.
In addition to Hong Kong the iPhone 4S will this Friday in Albania, Armenia, Bulgaria, El Salvador, Greece, Guatemala, Malta, Montenegro, New Zealand, Panama, Poland, Portugal, Romania, and South Korea.
Apple may not have exceeded analysts expectations during the 3rd quarter of this fiscal year, but the 4th quarter is shaping up to be monstrous. Even by Apple’s insane standards.
Source: Apple Insider
11-07-2011, 11:31 AM #2
Wonder if they will have the same issues everyone else is having
11-07-2011, 12:21 PM #3
^ I was thinking the same thing or wait until they experience the same issues some are having....
11-07-2011, 02:24 PM #4
WTH! They could handle that traffic?!
11-07-2011, 04:50 PM #5
Dang.. they are not playing over there.
11-09-2011, 10:27 PM #6
it's really not that surprising as a huge % of the first batch sales comes from the demand in mainland China. a lot of people who buys the phone don't even care about the features/usability...etc. they were often resold at higher price for profit or "business"&"political" PR gifts. in the sense of "gifts", people don't really care if they have to pay more than USD$1,500 each phone from the black market. it's peanuts compared to the potential profit it's able to generate.