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Apple iPhone 5 on sale in China by December

(China Daily)

09:26, October 27, 2012

Apple Inc's latest handset, the iPhone 5, is expected to be on sale in China by December, according to a statement from its Chief Executive Officer Tim Cook, in the company's quarterly financial report.

Apple has been placing greater emphasis on the Chinese market since Cook took over, illustrated by its store expansion in the country and a shortened new product delivery time gap between the United States and China.

The country now delivers about 15 percent of its total income, about 5 percent higher than when Cook took over Apple a year ago.

About 60 percent of its revenue comes from outside the US, with China now accounting for a quarter of that, said the report.

However, in the smartphone market, Cook admitted that despite iPhone sales in the country enjoying a 38 percent annual rise, its latest handset, iPhone 5 hasn't arrived yet, while its main rival Samsung Electronics Co introduced Google Inc's Android-based system Galaxy III months ago.

Apple sold more than 5 million iPhone 5s in the first three days after its launch on Sept 21.

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