Yesterday, several Wall Street analysts swallowed their pride and iPhone sales projections after the first four days of official iPhone sales in China amounted to 5,000 units. Whoa, 5,000? I’m stunned China Unicom sold that many. At $730 to over $1,000 price range, iPhone goes oddly—seemingly quite badly—together with average Chinese incomes. Apple’s mobile costs way too much for the market—or does it?
Several blogs, including All Things Digital, described iPhone’s China debut as a failure, feeding off analysts’ glum reaction. Piper Jaffray analyst Gene Munster, one of Apple’s biggest cheerleaders on Wall Street, described sales as “soft.”