The way is finally clear for Apple iPhone 5 to be on sale in China. It seems like Chinese regulators, at last cleared all the regulatory-checks. The release is slated to be on December 14, 2012, much later after its launch in United States(US) on September 21, 2012.
The late release in China is somewhat considered to be a boon to China’s gray market, in which unofficial vendors will buy the product overseas and then sell it at exorbitant prices as much as $200 more than box price.
iPhone 5 has already been launched in around 47 countries and is planning to cross 100 countries before the new year. It is estimated that more than 5 million pieces are sold by now. The response they have been receiving as of now is more than what they have anticipated and expected.
China Unicom, the second largest wireless carrier across China, got a whopping 100,000 pre-orders for the device in just two days after opening the pre-sale reservations. China is the second largest market for Apple Inc., however, there is much to be achieved. Apple is yet to tap into the subscriber base of the world’s largest carrier China Mobile.
China’s ever growing market for the smart phones is important for Apple. As of November the company held about 10% share. The delay – coupled with new releases from Samsung – has plunged the share value.Now let’s wait and see, how well the iPhone 5 will tap the Chinese market.