Apple's Soaring Demand in China: iPhone 15 Causes Website Crash and Sells Out in Under a Minute!
Portfolio Pulse from Anusuya Lahiri
Apple Inc's latest iPhone 15 series has seen soaring demand in China, causing the company's official website to crash within the first 10 minutes of pre-orders opening. Pre-orders on Alibaba Group Holding Limited's Tmall and JD.com Inc have also been strong, with the first batch of iPhone 15 Pro and Pro Max handsets selling out in less than a minute. Despite a partial government ban on Apple's products, demand remains robust, particularly for the high-end Pro Max models.
September 19, 2023 | 5:25 pm
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POSITIVE IMPACT
Apple's iPhone 15 series has seen strong demand in China, causing the company's official website to crash due to high demand. Despite a partial government ban on Apple's products, demand remains robust, particularly for the high-end Pro Max models.
The strong demand for Apple's latest iPhone series in China, despite a partial government ban, indicates a positive market response. This could potentially boost Apple's revenues and positively impact its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Alibaba Group Holding Limited's Tmall platform has seen strong pre-orders for Apple's iPhone 15 series, with the first batch of iPhone 15 Pro and Pro Max handsets selling out in less than a minute.
The strong pre-orders for Apple's iPhone 15 series on Alibaba's Tmall platform indicates a positive market response. This could potentially boost Alibaba's revenues and positively impact its stock price in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 60
POSITIVE IMPACT
JD.com Inc has seen strong pre-orders for Apple's iPhone 15 series, with the first batch of iPhone 15 Pro and Pro Max handsets selling out in less than a minute.
The strong pre-orders for Apple's iPhone 15 series on JD.com indicates a positive market response. This could potentially boost JD.com's revenues and positively impact its stock price in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 60