iPhone 5 Sales Top 2 Million on First Weekend in China

Apple has sold more than 2 million units of the iPhone 5 in China, setting a new record for best first-weekend sales in the country.

The Cupertino, Calif. company made the announcement Monday, just three days after the iPhone's Chinese launch on Dec. 14.

"Customer response to iPhone 5 in China has been incredible," Apple CEO Tim Cook said in a statement. "China is a very important market for us and customers there cannot wait to get their hands on Apple products."

The news is a turnaround for Apple, which saw its stock drop 4% in early trading on Friday, falling to as low as $509 a share over concerns about low demand for the iPhone 5 in China. Locals responded to the smartphone wi…
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