So for the iPhone 5 in China, Apple said it "sold over two million of its new iPhone® 5 in China, just three days after its launch on December 14" from http://www.apple.com/pr/library/2012/12/16iPhone-5-First-Weekend-Sales-in-China-Top-Two-Million.html. However, this number seems highly suspicious now and I believe Apple stuffed many boxes onto the shelves of retailers and claimed every single one as a sale when in fact it may not have sold. The reason to be suspicious is that there were absolutely no lines or much traffic for a launch day in any Chinese Apple stores and then it has come to light that Apple has cut in half it's component orders for the iPhone 5 from the Wall Street Journal. In the past, kdarling here has shown that Apple includes retailer inventory as "sold" units when making these suspicious press releases and my spidy senses are tingling from this smelly fudging.
And to add to this, Apple shares are in a free fall right now at a 6 month low. It has been tumbling down ever since the iPhone 5 went on sale. Even the stock market doesn't seem to believe Apple.
And to add to this, Apple shares are in a free fall right now at a 6 month low. It has been tumbling down ever since the iPhone 5 went on sale. Even the stock market doesn't seem to believe Apple.