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Initial IPhone 5 Demand From China Mobile Seen Slightly Weak

Wochit 0:44 mins

In the first week after China's largest mobile carrier began taking orders for Apple's newest iPhones, sales of the devices in that country were likely less than some on Wall Street had expected, according to a recent report. Wedge Partners analyst Jun Zhang says: "We recently talked with China Mobile's local stores, handset distributors and retailers after (it) formally launched the iPhone 5s/5c, and we think overall demand is weaker than our already conservative expectations." One reason the note cited for the weakness: The iPhone 5 already had been available for sale by two of China Mobile's smaller rivals in that country for several months.

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