Jump to content

Hong Kong iPhone 4S pre-orders sell out in 10 minutes, analyst says


Recommended Posts

Posted

iphone-4s-white-back.jpeg

Apple iPhone 4S pre-orders in Hong Kong sold out within just 10 minutes, analyst Brian White with Ticonderoga Securities said Monday in a note to investors. Pre-orders began last Friday and the phone will officially land in stores this Friday. White estimates that the Chinese market will be key to Apple’s continued growth. The analyst believes Apple’s revenue from “Greater China” — mainland China, Hong Kong and Taiwan — topped $4.5 billion last quarter, a 270% increase from the same quarter in 2010. That figure was 16% of Apple’s total sales, up from the 2% of sales that Greater China represented in 2009. Apple currently owns and operates six official Apple Stores in China. White reiterated a Buy rating on Apple stock with a price target of $666.

CCUft8Wzkos

 

View the full article

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Unfortunately, your content contains terms that we do not allow. Please edit your content to remove the highlighted words below.
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.