China iPhone 5 Sales Said to be Banoodles

The below from Insider Monkey, emphasis mine:

300,000 [China Unicom] customers have already preordered Apple’s newest smartphone, with the greatest demand coming from the cities of Beijing and Shanghai, in addition to the Guangdong and Shandong provinces.

According to a translation by Macworld, “74 percent of the reservations are coming from males, while only 26 percent are from females […] 52 percent of the reservations are from those aged 20 to 30 years old. Another 34 percent are from those aged 30 to 40 years. In addition, the vast majority of the reservations, at 85 percent, want the 16 GB model.” It’s also reported that China Unicom is selling the 16 GB device near a price of 5,300 yuan, which is close to $850.

Interestingly, the current preorder total is estimated to be 50% larger than the number of preorders China Unicom received for the iPhone 4  in 2010, but it’s worth noting that technical errors prevented the entirety of the telecom’s 200-plus million users from ordering the Apple Inc. (NASDAQ:AAPL) device that year.

Most Chinese people cannot afford the iPhone 5, but to think those who can won’t line up for it would be a mistake.

Source:

Apple Inc. (AAPL) iPhone 5 Preorders Are Booming in China (Insider Monkey)