Analyst: iPhone 4S Sold Out in 10 Minutes in Hong Kong

| Apple Stock Watch

iPhone 4S pre-orders in Hong Kong started last Friday, November 4, and sold out in only 10 minutes, according to Ticonderoga analyst Brian White. Apple’s latest iPhone model is set to hit store shelves in Honk Kong, along with 16 other countries, on November 11.

iPhone 4S sells out in 10 minutes in Hong KongHong Kong iPhone 4s pre-sales ran dry in 10 minutes

Apple hasn’t officially confirmed that pre-sales iPhone 4S inventories have already been depleted in Hong Kong, although Mr. White’s own research seems to indicate that no more are available, according to Barrons.

The quick sell out should ease concerns that the iPhone 4S wouldn’t sell well in the region because the Siri voice recognition feature — still in beta, according to Apple — offers limited language support.

“We believe this rapid sell out $76.83 will rest concerns surrounding the uptake of the iPhone 4S in the Greater China region that were driven by the limited language capability of Siri, which did not launch in Mandarin or Cantonese,” he said.

Apple began accepting pre-orders for the iPhone 4S in several more countries last Friday, such as Armenia, Bulgaria, Greece, Hong Kong, South Korea, and Romania. It will go on sale in those countries, as well as 11 others, this Friday.

Mr. White is maintaining his “Buy” rating and US$666 target price for Apple’s Stock. Apple is currently trading at $396.82, down 3.42 (-0.85%).

No Comments

Log-in to comment