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Technology Stocks : Apple Inc.

AAPL 271.84

-0.4%

Dec 31 3:59 PM EST

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To: Sr K who wrote (124208)	1/22/2012 10:12:07 AM
From: Moonray	Read Replies (1) of 213177

That's 8 days old. You ARE correct, but here is what it means: Apple missing out on Chinese New Year sales? Apple ( AAPL) is missing out on Chinese New Year sales and giving competitors a potential boost after pulling all iPhones from company stores during the nation's most important gift-giving season. Apple stopped selling all handsets at its five China outlets Jan. 13 after customers pelted the flagship store in Beijing with eggs because it wouldn't open on the first day of sales for the iPhone 4S. The online store in China also sold out of the device. The one-week holiday, which begins Monday, generated $64 billion in retail sales last year, according to government statistics. "A large portion of Chinese New Year sales are about having the gifts in hand right now," said David Wolf, chief executive officer of Wolf Group Asia, a Beijing-based consulting firm. "Android devices competitive with the iPhone will benefit." HTC and Motorola Mobility also make iPhone-class devices that could win over buyers frustrated by Apple's sales halt, Wolf said. -- Bloomberg News o~~~ O

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