Telecom & Wireless
Apple (AAPL) iPhone Sales In China Only 5,000 During First Weekend
Published:
Last Updated:
China Unicom (NYSE:CHU) released its earnings yesterday and as part of its comments to investors it said it had only sold 5,000 iPhones since it started offering the handset.
China Unicom posted moderately good earnings. Its first three quarter’s financial statement said the big cellular company had revenue of 114,928 million RMB and 9,338 million RMB in net income.
Unicom Chairman Chang Xiaobing said more than 1 million 3G subscribers had been signed up and that the launch of Apple’s iPhone would boost revenue in the fourth quarter. The firm did not give any more specific forecasts.
Unicom does expect margins to come down as it builds out its 3G network and invests in the marketing of new handsets including the iPhone
It is odd, to say the least, that Unicom would mention that it had only sold 5,000 iPhones without elaboration. Last month Chinese stock research firm CLSA said it estimated that Apple would sell 450,000 iPhones through Unicom next year. As Apple Insider points out, that would still be fewer than are sold on the grey market in the world most populous nation.
Not matter what Unicom or analysts have to say, 5,000 iPhones isn’t many.
Douglas A. McIntyre
Take This Retirement Quiz To Get Matched With A Financial Advisor (Sponsored)
Take the quiz below to get matched with a financial advisor today.
Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.
Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the
advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future
Take the retirement quiz right here.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
