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Via BARRONS.com: Tech Trader Daily - Barron's Online:
China Unicom (CHU) President Lu Yimin today said the company has sold 5,000 Apple (AAPL) iPhones since sales week, a number that Bloomberg suggests is “raising concerns the handset’s price is undermining” Apple’s ability to win customers in China. The phone is priced as high as $1,025 for the high-end model. Apple sold 1 million iPhone 3GS units within three days of its June debut in Europe and North America, Bloomberg notes. Barclays Capital analyst Ben Reitzes wrote in a research note today that he had expected the initial sell-in to the China market of 500,000 or more units. He expects overall sales for the iPhone in the December quarter of 7.5 million units. AAPL today is down 28 cents, or 0.2%, to $189.03.
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