Apple Sells Out of Meager iPhone 5 Launch Stocks in India
The Wall Street Journal reports that Apple has sold through its initial stocks of the iPhone 5 in India following the device's launch there on Friday, but the company was said to have delivered only 10,000-15,000 units for the first wave of sales.
“We were sold out within 24 hours of launch. It’s all gone,” said Himanshu Chakrawarti, chief executive of The MobileStore Ltd., a retailer that stocks iPhones and which has 900 outlets across India. Apple Inc.’s latest iPhone officially launched in India on Friday, more than a month after it hit major markets elsewhere.
Analysts are expecting Apple to deliver roughly 100,000 iPhone 5 units to India in the first month of availability, jumping to 200,000 by the end of the year.
While those shipment numbers pale in comparison to those seen other populous countries, they do represent a substantial jump over the 50,000 units sent to India in the June quarter, a boost due not only to the introduction of the new hardware but also improved distribution.
(Thanks, Rounak!)
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