Apple shares plunge on poor Chinese Apple iPhone 5 reception
What has investors so worried today is the lack of long lines waiting outside Apple's seven retail stores in Beijing, Shanghai and Shenzhen. This is a sharp contrast to the long lines and fights that broke out in January when Apple launched the Apple iPhone 4S in the country. A delay in opening one of the Apple Stores led those waiting in line to turn violent, tossing eggs at police and breaking windows. Apple halted sales of the Apple iPhone 4S in its stores in response.
4 inches from the previous models' 3.5 inch display was not enough to bring in buyers for the phone. Wang Yanhui, secretary general of the China Mobile Phone Alliance said, "The iPhone 5 is undeniably a good product. However, among the high-end smartphone category, it has a smaller screen and few bright spots, but has a high price." A woman inside an Apple Store in Beijing said "The iPhone 5 boosts no big innovations and is not very different from the iPhone 4s. I might wait for the next model."
The World's largest carrier, China Mobile, is unable to connect to the Apple iPhone because of its' proprietary 3G network. The carrier did recently make a deal with Nokia to offer customers the Windows Phone 8 powered Nokia Lumia 920T which has a 4.5 inch display.
1. lolioslol (banned) (Posts: 182; Member since: 10 Dec 2012)
LOL. Gee, they get to make the thing slaving in a factory for like 13 cents a day and you're telling me they AREN'T lining up in droves to buy it? Mind=BLOWN
7. wp8forever (unregistered)
They will be back to be , what the used to 7 years ago , NOTHING I WISH I DROPS -50 DOLLARS hate apple with a passion ,just taking money away from stupid ppl , selling them the same crap over and over gain .
13. noim1 (Posts: 297; Member since: 15 May 2012)
Guess what !!!! the next iPhone 5S will have NFC !!!! OMG !!! Revolutionary !!!! Extraordinary !!
Now ppl line up in front of the the Fruit shop and give ur Money & take ur latest iPhone 5S (which has the same design , same screen , same specs ,but look now it has NFC )...
53. rusticguy (Posts: 2828; Member since: 11 Aug 2012)
And in 7 colors if the colors that they launch could be patented so that they could also escape the "it's so obvious" clause. Else they stay black and white till others have co nclusively established which colors sell.
62. Nathan_ingx (Posts: 3009; Member since: 07 Mar 2012)
Come to think of it, the Chinese are more intelligent in speaking their mind about the phone they want.
Unlike 'most' Americans (pardon moi) that goes gaga over iPhone.
And i thought Apple was checking the network compatibility a few weeks back??
56. PhenomFaz (Posts: 1067; Member since: 26 Sep 2012)
I am grabbin popcorn...this is gettin good :)
42. jmoita2 (Posts: 930; Member since: 23 Dec 2011)
I know, about time this fad fades out. How many times can you rename then "launch" the same exact product???
Drop, Apple, drop!!!
61. JeffdaBeat (unregistered)
Apple hasn't had lines here in the US because they started doing a better online system. People balked saying that Apple was losing its touch. Come to find out Apple did a better job with their online reservations and had still made record sales.
So then you have China...where people were pissed because Apple ran out of iPhones. So Apple improves reservation system, not only to stop everyone from being so physically angry at the lack of product, but to stop scalpers...yet people still balk saying Apple isn't selling as well.
I'm interested in seeing the discussion when Apple actually releases their sales numbers. Here's a story that outlines it a bit...
70. quakan (Posts: 1177; Member since: 02 Mar 2011)
You're one of the most level headed commenters on this site in my opinion. Usually when I see your name I always read your comments in full entirety just because you always have something interesting to share and you arguments/replies to people are always well written.
75. jroc74 (Posts: 4720; Member since: 30 Dec 2010)
Just like when the iPhone first came to Verizon, smaller lines meant a better online and pre order system than AT&T.
19. Droid_X_Doug (Posts: 5737; Member since: 22 Dec 2010)
Where is Mxy and the rest of the Apple defenders? Bad news for Android and they are crowing about it.
22. noim1 (Posts: 297; Member since: 15 May 2012)
BETTER CALL UR BUDDIES quick !!!....cause we r growing in multiples of x100 .....LOL...
well the fact is that u have got nothing to Defend ...and deep inside you know that Apple is ripping u off but not showing it & boasting abt the high price device...well hear frm us high price does not mean it's the BEST !!!
41. Bernoulli (Posts: 1443; Member since: 01 Sep 2012)
Lol and did you hear how Apple submitted a patent that involves nfc when none of their devices have nfc? Now that's a good one lol! :)
33. QWIKSTRIKE (Posts: 861; Member since: 09 Mar 2010)
All I have to say is my Elliot wave post from PA's past articles stated that this would happen, and I also posted about wave 5 tops. Anyway as I predicted Apple would try to retrace back to the highs and fail. Failing here sends it to $485.00 and possibly lower, then watch the fear and panic sell take over.
Apple is a great company that has possibly reached potential market saturation with no new worth while product to push it forward short of analyst pumping it as they dump it to unsuspecting buyers!
I can't wait to see what unfolds after the Christmas Holiday sales. Bad news will send the stock lower. Remember I also predicted a wave 5 top for the regular stock market and predict as revwersal after the 1st quarter reports for 2013!
31. PAPINYC (Posts: 2277; Member since: 30 Jul 2011)
The Chinese are not STUPID, they know a good counterfeit when they see one.
44. XPERIA-KNIGHT (Posts: 2440; Member since: 08 Aug 2012)
are you serious?? thats all the more reason for people to NOT want to line up and buy the device!
Someone working at a burger king for years upon years usually doesnt order there after they are off work.............because they are too familliar and SICK of the place!
ps i hope you were being sarcastic
47. parkwaydr (Posts: 572; Member since: 07 Sep 2011)
True, I worked at Wendy's in high school for like two and a half years. Still can't eat there to this day.
57. rcwfox2002 (Posts: 41; Member since: 20 Dec 2011)
I worked for Verizon and after I left I still have Verizon service. I didn't buy the Nexus 4 because it did not meet my expectation to upgrade from Galaxy Nexus. People in Asian countries understand technology and gadgets and the Iphone 5 is nothing special or worthy of an upgrade. Instead of Apple innovating they spend their R&D money on advertising. Every movie, sitcom, commercial has an Iphone and Apple is footing the bill. Americans want to be popular, appear smart and rich, Apple gives them that illusion.
72. quakan (Posts: 1177; Member since: 02 Mar 2011)
Just to let you know 1,344,130,000 people live in China and they all don't work for Foxconn.
17. MeoCao (unregistered)
like poops down the toilet LOL
18. Droid_X_Doug (Posts: 5737; Member since: 22 Dec 2010)
Law of gravity = what goes up must come down. Didn't anyone see the article posted a few days ago about how Android phones were selling like hot cakes on a cold winter day in China? Cool only sells so many. Day-in day-out users seem to be choosing Android.
4. MeoCao (unregistered)
Or may be the market reacts to the maps fiasco? Google proved that they are now the tech king not Apple.
5. noim1 (Posts: 297; Member since: 15 May 2012)
No 1 cares abt Apple any more !!! for starters the Chinese r becoming SMART !!
11. arsenaljimenez (Posts: 138; Member since: 03 May 2012)
from reading this, they are the only smart ones
48. soshi (Posts: 154; Member since: 08 Mar 2012)
true, the other countries still following the sheep from the west, including my country. no wonder chinese always ahead, they know how to use their money
63. synot (Posts: 142; Member since: 14 Sep 2012)
So true americans should learn from the chinese, big sale small profit instead of no sale no profit .owning an iphone doesnt say anything anymore ,its just another regular phone nowadays ,nothing special
64. synot (Posts: 142; Member since: 14 Sep 2012)
American are too hyped and try to live above their wages ,imagine someone buying an iphone for over eight hundred dollars while working less than that per week just to say they have an iphone .no wonder america owes so much money to china .
20. dc0321 (Posts: 22; Member since: 21 Nov 2012)
lol....it didnt take long for the chinese to wake up
39. noim1 (Posts: 297; Member since: 15 May 2012)
I think they have all got their S3's , One X's, Nexus's etc and sitting at home and reading this article and laughing...
6. sprockkets (Posts: 1160; Member since: 16 Jan 2012)
Either the people there started using their brains or they ran out of spare kidneys :)
9. Tsepz_GP (Posts: 819; Member since: 12 Apr 2012)
Was the iPhone5 being sold online in China? Could be a matter of people pre-ordering and buying online.
Im going to wait for Monday's weekend sales report before i say anything.
65. synot (Posts: 142; Member since: 14 Sep 2012)
You dont have to wait until monday ,Chinese dont waste their money like americans , china isnt called cheap market for nothing ,i can tell u that no one is buying online because thats the reason that they make cheaper versions of popular phones for their people to buy at less than half the price
10. amiaq (Posts: 450; Member since: 30 Jun 2012)
Ha ha ha no other single device is an "iphone killer", iphone just has to kill itself.
12. MeoCao (unregistered)
Haha no, iPhone was killed by a gang of Androids.
And Google is the godfather
51. networkdood (Posts: 6267; Member since: 31 Mar 2010)
I'm gonna make youse a map that you can't refuse!!
55. MeoCao (unregistered)
LOL that is violent man
14. sats.mine2k4 (banned) (Posts: 208; Member since: 10 Aug 2012)
Intelligent people... People in the US need to learn from them...
15. infinitemethod (Posts: 125; Member since: 04 Sep 2012)
I am really enjoying watching the stock plummet just like I thought it would. You can't have 4 of the exact same product, just making it bigger or smaller for 7 straight years. I am not sure if people are actually starting to catch onto this or they really don't like their products anymore.
I am looking forward to the iPhone 5S launch and them telling everyone how much more "PHENOMENAL" it is over the 5. iFAIL!
23. devildlm1 (Posts: 71; Member since: 12 Sep 2012)
Apple simply just can't get away with the high price anymore. Unsubsidized, there are 10+ alternatives that do more and cost less. When the iPhone 4s came out and people were going crazy over it, Google was just getting out of its tarnished Android reputation so it was 50/50 and many saw the iPhone price as justified. Now that Google and the manufacturers stepped their game up, going with Android or even Windows is a no brainer.
24. Martine (Posts: 102; Member since: 20 Oct 2011)
Why do tech sites like PhoneArena always post multiple news per week about Apple Stock?
38. Droid_X_Doug (Posts: 5737; Member since: 22 Dec 2010)
It is a good way to stimulate the eyeball count metric?
25. maxican16 (Posts: 363; Member since: 29 Sep 2011)
So this is what happens when you don't have a bunch of lemmings blindly loyal to you. People actually use COMMON SENSE and assess the phone for it's FEATURES and VALUE...... both of which the iphone lack.
27. manlapazj (Posts: 3; Member since: 06 Dec 2012)
i agree. no innovation. no bright spots. the new "feel" or "build" of the iphone seems
plasticky for me.. just saying.
28. molanjames (Posts: 64; Member since: 11 Oct 2012)
Apple thinks Chinese people are stupid.. Trying to sell the same darn thing for the past five years is a direct insult
29. freebee269 (Posts: 521; Member since: 10 Aug 2012)
lumia 920T went on sale this week along with the iphone 5 and will outsell the iphone 5. just on the basic fact that the lumia 920T works on more carriers than iphone 5 (meaning you can keep your number) and has better specs.
30. 12Danny123 (Posts: 86; Member since: 18 Aug 2012)
Go WP and Android. Apple needs to go down!
32. nyamo (Posts: 274; Member since: 19 Mar 2011)
I'm amazed with China where brand names mean everything apple failed. That or pricing is way to high for most people to afford
34. McLTE (Posts: 691; Member since: 18 Oct 2011)
is a 3% stock drop really a plunge PA? My god you guys take news stories and completely BLOW the headline out of proportion..
Today we have 3% stock plunging.. and having sex more than once a week makes you an addict.
As for this article.. things don't seem to bode well for Apple. At some point here in the US people will also wake up and the magical marketing enema that apple has up so many people's a$$e$ will be removed and things will continue to slide.
can Apple afford another 4-4s micro update? They need some significant changes.. NOW.
35. Droid_X_Doug (Posts: 5737; Member since: 22 Dec 2010)
"...and having sex more than once a week makes you an addict."
What is the matter with having sex more than once a week? By that metric, there must be a whole bunch of sex addicts.
36. Sniggly (Posts: 6983; Member since: 05 Dec 2009)
It's because the Chinese had all their resellers in Best Buy buying all the iPhone 5s they wanted back when it launched here in the US. It was so bad that we had to issue a company wide policy to not sell more than one iPhone 5 per customer unless it was being activated.
37. Droid_X_Doug (Posts: 5737; Member since: 22 Dec 2010)
Nothing like market saturation.... Cool will sell only so many. And that point may have been reached in China.
40. amiaq (Posts: 450; Member since: 30 Jun 2012)
Looking for Apple iPhone killer device? Introducing..... iPhone 5!
43. someones4 (Posts: 619; Member since: 16 Sep 2012)
China has plenty of good phones like the oppo find 5 and zte nubia. Why settle for less?