Apple Inc. (NASDAQ: AAPL) finally has released the iPhone 5 in China. Most press and many analysts believe that the American company's market share in the People's Republic has dropped so much that the new smartphone will not help it much. However, that assumption may not be true at all.
The iPhone 5 still is considered the benchmark against which all other smartphones are measured. Its sales in the United States and throughout the rest of the world have been phenomenal. Nevertheless, the doubters outnumber the optimists.
Apple's latest handset might be a powerhouse globally, fighting Samsung for top rank, but weak distribution and a high price tag are limiting its sales in what's fast becoming the world's largest smartphone market.
Apple shares are down about 0.6% in premarket trading to $526.25. The 52-week range is $377.68 to $705.07.
Douglas A. McIntyre
Filed under: 24/7 Wall St. Wire, China, Consumer Electronics, Technology Companies, Wireless Tagged: AAPL