China Mobile confirms multimillion unit orders for the Apple iPhone; Apple CEO Cook "optimistic"
This eliminates much of the concern from analysts who have worried that the low number of preorders in the first few days the iPhone could be reserved, signified disinterest on the part of China Mobile subscribers. And there is some legitimate worry that with a 16GB Apple iPhone 5s and a similarly endowed Apple iPhone 5c priced at 5,288 yuan ($870 USD) and 4,488 yuan ($738 USD) respectively, Apple will have its lunch eaten by low end Chinese made models.
But don't expect Apple to change its pricing or to aim for the low end with a new model. CEO Tim Cook said at a media briefing on Tuesday, "Apple has always been about making the best products, not the most products, so that's always our North Star and that's not going to change ever." Cook also pointed out that half a million developers in the U.S. are writing apps for iOS. But that was sort of a random stat thrown out on a day when the topic was the cooperation between China Mobile and Apple. "We've gotten to know each other....today is a beginning, and I think there are lots more things our companies can do together in the future," said Cook. Did someone say "Apple iPad"?
3. android_hitman (Posts: 587; Member since: 07 Jul 2010)
I call this b*s*it... wait till monday to see actually how many units they sold.
10. Kaiser2007 (Posts: 132; Member since: 16 Nov 2013)
They will sell UP TO 20% of 10%.
Let's say 10% of people there can afford smart phone with data plan, that work out to about 76M. Apple can sell about 20% of 76M, that is about 15.2M. We don't know how many of them already have iPhone and I doubt they reach half of that.
That 20% come from my assumption of Apple market share.
4. androiphone20 (Posts: 1118; Member since: 10 Jul 2013)
turns out China has the highest number of billionaires after the US, Tim has every reason to be optimistic
5. PBXtech (Posts: 625; Member since: 21 Oct 2013)
Definitely, billionaires make up the highest percentage of people on the planet. The people in China that can't afford iPhones are actually a very small minority.
9. Kaiser2007 (Posts: 132; Member since: 16 Nov 2013)
Yeah, small minority. 'Only' 90% of them.
8. xfire99 (Posts: 367; Member since: 14 Mar 2012)
Dont think billionaires care about what smartphones are popular, also they have money and ways to buy it from 1st release day and dont need to wait China Mobile to release it.
6. COZMAN (Posts: 99; Member since: 28 Nov 2013)
False hope. CEO get off of your butt and go live in the R+D Department until we tell you that you can leave!
7. Extradite (banned) (Posts: 316; Member since: 30 Dec 2013)
Hope it sells well. Good luck Apple with iP5s.
Loving and enjoying mine.
11. ElixieR (Posts: 14; Member since: 01 May 2013)
F**K Apple and Tim C**k and their employees. they doesn't respect Chinese people in their Stores F**K You