Tuesday, September 15, 2015

IPhone Sign of Consumer Strength in China

Numbers from the iPhone launch suggest that consumers in China are still spending. It was a record weekend for Apple, but perhaps only because of China. From Bloomberg Business:

The strong demand was aided by orders from China, which this year was added as one of the countries to sell the smartphone at its introduction. Gene Munster, an analyst at Piper Jaffray Cos., said orders may be roughly flat if customers in China weren’t included in the initial availability.

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