China Has Good News for Apple
China Unicom (NYSE:CHU) has said pre-orders for Apple’s (NASDAQ:AAPL) iPhone 5 have crossed 300,000, adding 200,000 new reservations to the 100,000 recorded just a day after the start of bookings for the device. The phone will reach stores in the country on December 14.
How Do the Orders Break Down?
Almost 85 percent of pre-order customers have favored the 16 GB version of the new smartphone, while the 32 GB and 64 GB versions accounted for 12 percent and 3 percent of the pre-orders, respectively, the carrier said in a post to its official Sina Weibo microblog, according to MacWorld.
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Most of the orders originated from Beijing, followed by the regions of Guangdong, Shandong, Shanghai, and Liaoning. In addition, 74 percent of the orders were placed by males, while in terms of age, the 20-30 years old demographic made up for 52 percent of the sales.
China Unicom, the second largest Chinese carrier, will be joined by China Telecom (NYSE:CHA) in launching the new Apple smartphone in the country. Bigger rival China Mobile (NYSE:CHL), which is also the largest carrier in the world in terms of number of subscribers, is not yet a part of the Apple provider team.
CHEAT SHEET Analysis: Catalysts for a Stock’s Movement
One of the core components of our CHEAT SHEET investing framework focuses on the factors that could affect a company’s stock. China is a key market for Apple because of the pace at which it is growing. The country contributed $23.8 billion, or 15 percent, to Apple’s 2012 fiscal year revenue, which was up 78 percent from the previous year. Analysts are relying on large-scale growth in the country for Apple.
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