Last week saw Apple launch the iPhone 5 in China, and the company has officially announced just how well the device sold — hitting 2 million units in just three days. When the iPhone 5 launched in the USA, Apple hit the 5 million mark over the same time period, which does something to show how big of a market China has the potential to be.
In a statement, Tim Cook said:
“Customer response to iPhone 5 in China has been incredible, setting a new record with the best first weekend sales ever in China. China is a very important market for us and customers there cannot wait to get their hands on Apple products.”
This launch in China has been praised for its reservation system, which helped keep lines down and scalpers out, yet still meant excellent sales.
Despite this record turnout, Apple shares dropped below $500 briefly. They’ve since rallied slightly to about $510, but AAPL is still struggling.