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Over 2M iPhone 5 units have been sold thus far in China, Apple (AAPL) boasts. China Unicom's...

Over 2M iPhone 5 units have been sold thus far in China, Apple (AAPL) boasts. China Unicom's (CHU) healthy pre-order activity probably had a lot to do with this figure. Sparse crowds for the Friday launch stoked fears initial sales were light, but weather and pre-ordering requirements seem to have played a role. For reference, Apple announced in September over 5M iPhone 5 units had been sold 3 days after the device went on sale in the U.S., Japan, and 7 other locales. (PR)
Comments (56)
  • Damn right they did!
    16 Dec 2012, 09:27 PM Reply Like
  • Glad Apple did something to provide price support for the stock. Thank you Tim.
    16 Dec 2012, 09:38 PM Reply Like
  • Cook didn't announce this to support the stock--they announce great sales figures regardless of whether the stock is zooming up or collapsing.

     

    That's one of reasons I like Apple--they treat the fools on Wall Street the way they deserve to be treated.
    16 Dec 2012, 10:24 PM Reply Like
  • citizenleung

     

    Yes. They treat the "fools" who bought their shares at $700 the way they deserve to be treated. Right. Pittance of a dividend (hoarding cash for no good reason), no innovative products, and litigation up the wazoo. Guess Apple doesn't care about them.

     

    Yep. Apple does treat its shareholders as if they don't matter. Because the executives get shares for free...
    16 Dec 2012, 10:25 PM Reply Like
  • iPhone 5 is the most technologically advanced piece of hardware and software ever to be produced. There's nothing non-innovative about it. If you don't know this, it's because you're looking too hard on the outside, and don't have a clue about what they've put on the inside.
    16 Dec 2012, 11:41 PM Reply Like
  • @ashraf - just because they make $40billion a year (think tax revenue) doesn't mean they need to spend the $121billion (think federal reserve) in the bank on their shareholders (think entitlements). Our country/government has been doing that forever. Great plan. You may have plenty of technical expertise - but I don't see much else.
    17 Dec 2012, 12:17 AM Reply Like
  • As of Friday's close, people who bought Intel, one of your favorites, at $29.27 are more foolish than people who bought Apple at $705.07.

     

    Apple treats its shareholders wonderfully--just look at the incredible gains over the last ten years. Look at Apple's unparalleled transparency, at least among tech companies, in reporting sales, revenues, earnings, and profits. As for the dividend, I'm as happy with Apple's dividend as I am with Philip Morris or Kinder Morgan's dividend.

     

    You begin to lose credibility when you claim that Apple has no innovative products. The only innovative products over the last 5-6 years in the mobile space have been the original iPhone and the original iPad. Every device since, whether by Apple or another manufacturer, have been evolutionary rather than innovative. If you consider Samsung's devices "innovative", you have a most curious interpretation of the word.
    17 Dec 2012, 01:32 AM Reply Like
  • @Lance

     

    I am sorry that you do not enjoy my views, but I firmly believe that having that much excess cash, especially in a position of clear dominance, is not the best way to treat shareholders. Short of people just outright boycotting iPhones, there is no real conceivable scenario in which that much excess cash is even healthy.

     

    Apple can afford more of a dividend instead of hoarding even more cash. Or it can buy back shares. Just something to show that the shareholders actually matter to the company.
    17 Dec 2012, 02:23 AM Reply Like
  • And yet it's a longer iPhone 4S.

     

    Reality doesn't seem to be matching with the fantasy.
    17 Dec 2012, 07:00 AM Reply Like
  • Hoping the stock price starts to reflect this good news tomorrow! Long AAPL and going longer.
    16 Dec 2012, 09:38 PM Reply Like
  • as much as i want this to start the upward momemtum again in the stock, I'm sure that it will get spun in some negative way, somehow, by someone...
    16 Dec 2012, 09:39 PM Reply Like
  • I'd love to see a public accuracy grading system established. It's far to easy, with sites like Seeking Alpha, for those that haven't a clue to what is happening, to post some kind of negative tripe that is easily debunked. There were several such posts on Seeking Alpha this weekend. Nothing but regurgitated garbage.
    16 Dec 2012, 10:00 PM Reply Like
  • While nice in theory, the fud is what helps make a market. if you are able to see through this and buy when a majority of news is negative and sell when everything that comes out is positive. 
    16 Dec 2012, 10:16 PM Reply Like
  • I am waiting to buy in the 4xx
    16 Dec 2012, 09:42 PM Reply Like
  • Sal

     

    Agreed. That is where I would buy, too.
    16 Dec 2012, 09:50 PM Reply Like
  • If Apple is to hit 4XX, it will be before the end of this year. Will be very surprised if it happens in the near term after that.
    16 Dec 2012, 09:57 PM Reply Like
  • capitulation around 475-480 for a couple trades and then we start our ride up, just what i see forming. aapl could have sold 5 million iP5's and they will still spin it to take it down to their target price.
    16 Dec 2012, 10:07 PM Reply Like
  • Everyone is looking to buy in the 4xx's. I guess that must mean everyone's right, they will all get to buy in the 4xx because you're all so smart and thinking the same.

     

    L.O.L.
    17 Dec 2012, 12:24 AM Reply Like
  • I'm not saying it will definitely get to 4xx, ive seen what the big boys have done in the past, aapl is way oversold at these levels, but the big boys will want to drop the price below the psychological level of 500 to rape some more retail investors.
    18 Dec 2012, 08:45 AM Reply Like
  • It seems that the "one person" in the Apple Store bought 2M iPhones.

     

    So much for accurate reporting.
    16 Dec 2012, 09:54 PM Reply Like
  • deer, this is the first comment I've ever laughed to on Seeking Alpha. Absolutely hilarious
    16 Dec 2012, 09:57 PM Reply Like
  • LMFAO. Thank you deercreek.
    16 Dec 2012, 10:01 PM Reply Like
  • And he probably works for samsung!
    16 Dec 2012, 10:10 PM Reply Like
  • And he managed to sell them on the black market for an extra 100 bucks each.
    16 Dec 2012, 11:44 PM Reply Like
  • If this news doesn't help the stock, it will be time to worry.
    16 Dec 2012, 09:58 PM Reply Like
  • I believe this news is somewhat neutralized by the downgrade by Citi. Let's see what happens tomorrow. The stock has a habit of bursting out of the gates swinging and then losing steam as the day/week progresses.
    16 Dec 2012, 10:27 PM Reply Like
  • That guy at Citi should be forced to use a Samsung device for 2 years.
    16 Dec 2012, 11:45 PM Reply Like
  • If you are waiting to buy in the 400 + range, I think the train will leave the station without you.
    16 Dec 2012, 09:59 PM Reply Like
  • That's what they said at $600.
    16 Dec 2012, 10:00 PM Reply Like
  • Ashraf- don't even pretend that you are interested in buying AAPL at $4xx. Your posts clearly define your undying allegiance to the also-ran platforms. Buy those and we'll compare notes Jan 2015.
    16 Dec 2012, 10:23 PM Reply Like
  • I have an undying allegiance to making money with my stock purchases. I have no loyalty beyond that. I would buy anything if it got cheap enough and I'd short anything that got too expensive.
    16 Dec 2012, 10:32 PM Reply Like
  • nicely said, almost anything looks attractive at a certain price. Long AAPL since $170 couple, buying more as they became "more" attractive, as they have now...
    16 Dec 2012, 10:45 PM Reply Like
  • He was pumping the stock at one point in the middle of this correction, of course he was long a bit back then now he's "waiting" for 4xx so he can buy a reversal and make a few bucks for a few days. He was probably pumping the stock all the way up to 700 with all the fundies being great at AAPL, now in a span of a few months/weeks they're the complete opposite.

     

    Typical SA "analyst" rubbish.
    17 Dec 2012, 12:30 AM Reply Like
  • Agree with u on the principle of buying low & selling high. But i dont think that your cristal ball shows more than mine which never shows anything. Unless you come with some logic & fundamental arguments for your trading decisions prior to the downwards or upwards of the stock, you are not serious.
    When Apple reached 700s, the price had gone too & far & to fast manipulated by the same guys that manipulate it today. It was predictable by the fundamentals as it is predictable today by the same fundamentals.
    The price may go down in 400s but since 600s fundamentals dont say anything just the cristal ball is needed. It seems you got it.
    17 Dec 2012, 03:05 AM Reply Like
  • Correction : between 580-630 fundamentals pointed on "Hold" but now point clearly on "Strong Buy". In 400s they will point on "Dont miss it this time again".
    17 Dec 2012, 03:10 AM Reply Like
  • Fully agree with u. have seen article of the same person saying completely opposite things depending on the trend.
    17 Dec 2012, 03:14 AM Reply Like
  • That's what they said <$100 too
    17 Dec 2012, 06:00 AM Reply Like
  • $600 is not $400+. Remember they have like 100+B of cash...

     

    Apple has refused to break $505 repeatedly. A significant rally tonight would show a double bottom, and would mean apple would shoot back to $600 by end of the year.
    17 Dec 2012, 06:19 AM Reply Like
  • Ashraf, you seem to be pretty biased against aapl and often contradict yourself. I find it hard to read you articles. I understand you trade to make money but your over the place with your trades. Hard to believe your making money shorting aapl with your negative bias on aapl.
    17 Dec 2012, 07:50 AM Reply Like
  • All I know is I went to the mall on Saturday in Fairfax County, VA, and the Apple store was absolutely packed and the buzz was so intense I thought the place would explode. Parents had to drag the kids away from the iPads they were playing with. The feeling is still intense.
    16 Dec 2012, 10:17 PM Reply Like
  • Will the market give more weight to Citi analyst who downgraded Apple to neutral or ignore him? Afterall did not he start covering Apple with a buy on Nov. 26th?
    16 Dec 2012, 10:24 PM Reply Like
  • I was in a Best Buy store and the crowd was all around the Apple products. All the other cheap brands were dying of loneliness
    16 Dec 2012, 10:25 PM Reply Like
  • Samsung has to run more commercials showing how cool it is for two guys to touch phones on the street.
    16 Dec 2012, 11:47 PM Reply Like
  • This news is overblown. The release of iPhone 4s earlier this year in China was also greeted with long crowds fighting among themselves. But at the end of the day Apple could not maintain the momentum, heck before this they were 7th in China's smartphone ranking.

     

    Not saying that this is not successful, but let's talk after a few more months. As an investor, I like the Galaxy performance better i.e. strong performance for an extended period.
    16 Dec 2012, 10:31 PM Reply Like
  • What was overblown was the negative emphasis placed on the story about one person outside the Shanghai store.

     

    The 5 sold much, much faster than the 4S did in their relative China debuts. That's the real story and it's really hard to interpret that as anything other than positive.
    17 Dec 2012, 07:12 AM Reply Like
  • http://bit.ly/Xvmipl
    16 Dec 2012, 11:27 PM Reply Like
  • Doesn't matter if the stores are packed and product is flying off the shelves, until the Trekkies start camping out in droves in front of the glass mother ship AAPL is dead money.
    17 Dec 2012, 12:26 AM Reply Like
  • I like how people say Apple doesn't innovate.

     

    yeah, maybe.

     

    But no one else innovates either, that's for sure.
    What the hell can you make a phone do? read your mind? Yeah, that will be innovation. It will know who I want to call before I even know who I want to call. Innovation. It will be powered by oxygen, rendering the battery obsolete. It will self heal scratches from drops.

     

    Google, Amazon, B&N? Just a bunch of me-too's.
    All just a bunch of rectangles with glass touchscreens.

     

    The big difference is that Apple sells 10x as many items as everyone else, and makes a good profit doing so. How could you hate apple for doing that?

     

    Amazon makes zilch, and google doesn't make much either. Really poor business models selling for a little above cost.
    17 Dec 2012, 02:18 AM Reply Like
  • pman6, You are right. Up to now, only apple has innovated. Others have followed with some evolutions more or less identical to Apple's. The problem is that, those who have never innovated anything want Apple to innovate faster & faster.
    Even so there weren't revolutionary changes, the IP5 is much better in many ways than the IP4S.
    I've never seen a crowd waiting the launch of a product other than Apple's. Will they be happy if there were riots & peuple injured ?
    17 Dec 2012, 03:50 AM Reply Like
  • I remain short aapl and would have thought 3.5 million by now in China?????????
    17 Dec 2012, 02:38 AM Reply Like
  • Fire AAPL CFO and it's Treasurer....they know nothing about corporate finance, and they have no acumen to advice Mgmt...I can provide a few good names...try for example Clayt Daley, ex CFO of PG.....he is available I think, and he understands Coorporate Finance
    17 Dec 2012, 05:59 AM Reply Like
  • Went yesterday to buy an IMac with a 27 inch screen...guess what...they arrived Friday in Miami and they sold out ! Best bet, January delivery...AAPL has a big problem, their product supply chain sucks...but worst, their Management, is not investor friendly... Case in point, look how BRK ( Mr Warren Buffett cares about shareholders....look at his buyback this week). Now, look at AAPl, it's management has allowed it's stock to become and I quote a CNBC contributor " a trader's sardine".....with a 130bb war chest, how AAPL management and it's board allowed this to happen...because they are fools from a coorporate finance standpoint....a sound CFO and sound governance would have put a stop to this....easy, with a huge stock buyback program ...20bb...that would have scared all the shorts...but AAPL Management does not seem to care about it's investors....and that is a very sad thing.
    17 Dec 2012, 06:17 AM Reply Like
  • I think Apple will hold on to that money until things start to turn sour for the company. Apple knows their stock price is going down, and they also know their numbers will go up. Apple management is letting the doubters suffer, in order to reward the faithful

     

    A higher stock price is better than a dividend, which gives in the short term, but takes in the long. You'll get your higher stock price when they release their numbers.
    17 Dec 2012, 09:42 AM Reply Like
  • Can't wait for the bell tomorrow. Go AAPL you deserve it.
    17 Dec 2012, 06:21 AM Reply Like
  • Apple has the best products in tech. This is known. No matter the sales of iphone 5 this company is a very good company. i don't understand why the iphone 5 will affect that. the drop of the share is obviously a profit taken before year end by institutionals. Good devises, good management, no debt etc... i don't think the price will be usd 1000 or 800 but its evident that the price is to low now. That's for sure.
    17 Dec 2012, 06:23 AM Reply Like
  • After 31 years in the investment business I still come to the same conclusion;blame the analysts.All jumping on the band wagon together.The latest is Citigroup.Twenty days ago they initiated coverage on AAPL with a buy rating.Now they go out,talk to a few suppliers who say things are slowing,and they go to neutral on the stock with a 520 PT.Smell a lawsuit here?If an analyst is any good he will not be an analyst for long.He will be running a mutual fund making a lot more money and being in a legitimate investment role.These guys make astrology look credible.Still an Apple bull, but it will take a lot to turn this sentiment and momentum around.Collect your dividend for a few quarters.I hope that I am being overly conservative with that statement.I don't know;after all,I'm not an analyst. Hope that your Holiday season is cheerful and safe. JUDOKA
    17 Dec 2012, 10:44 AM Reply Like
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