Apple’s iPhone Miss Out During Chinese New Year $64 Billion Sales, Will Benefit Samsung

Posted on Jan 20 2012 - 12:36pm by Editorial Staff

Apple is missing out its Chinese New Year sales as the company stopped selling all handsets at its five China outlets on January 13. Stop in the sales will result in giving the competitors a potential boost after pulling its all iPhone from company stores during the nation’s most important gift giving season.

The customers on January 13 pelted the flagship store in Beijing with eggs because it wouldn’t open on the first day of sales for the iPhone 4S.  Chinese New Year begins this weekend, January 23 and it’s a period that generated more than $64 billion in retail sales last year.

A Business Week report states that, “With Apple Waylaid with no new stock, bar its older iPhone devices, the door is open for Samsung Electronics Co. and others to take advantage.”

David Wolf, Wolf Group Asia CEO stated that, “A large portion of Chinese New Year sales are about having the gifts in hand right now,”. He also added, “Android devices competitive with the iPhone will benefit.”

The new model remains available through carrier China Unicorm (Hong Kong) Ltd. and authorized resellers. Carolyn Wu, a Beijing-based spokeswoman for Apple, declined to comment on the sales impact of removing iPhone from company stores.

(Image Source: Flickr)

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Editorial Staff

Editorial Staff at I2Mag is a team of subject experts led by Karan Chopra.