by Christopher Freeburn | December 28, 2012 1:14 pm
Here are your Apple rumors and AAPL news items for today:
Small Screen Frenzy: Apple’s (NASDAQ:AAPL) iPad Mini is attracting so many buyers in China, that supplies of the new tablet are mostly sold out, AppleInsider notes. Topeka Capital Market analyst Brian White says the smaller-screen iPad is seeing “insatiable demand” from Chinese consumers. He says Hong Kong retailers have exhausted their inventories of the tablet, which went on sale there on Nov. 2. The iPad Mini hit Chinese stores a month later and is now also sold out. White noted that the smaller size and lower price tag were proving a huge hit with consumers and that the 7.9-inch screen tablet was outselling the full-size fourth-generation iPad. White noted that supplies of the iPhone 5 had improved in Hong Kong and China, with many stores now carrying enough supply to meet walk-in customer demand.
App Spike: On Christmas Day, the number of app downloads for iPhones and iPads soared 87% over an average day in December, CNET noted. Better still for Apple, sales generated by those downloads surged 70% over a typical December day, according to industry research firm Distimo. If Christmas Day downloads provide a yardstick, a lot of people received iPads as gifts this year. Downloads of iPad apps spiked 140% on Christmas Day, with revenue from those apps jumping 83%. Hot on the list of apps were Google‘s (NASDAQ:GOOG) iOS maps app, Disney‘s (NYSE:DIS) Where’s My Holiday?, and Microsoft‘s (NASDAQ:MSFT) Skype.
Unauthorized Publication: Apple has been ordered to pay $165,000 to eight Chinese writers who claimed that their work was published through the App Store without their approval, CBS News notes. A Beijing court ruled that Apple violated the authors’ copyrights in allowing their materials to be distributed through the App Store. The writers had demanded damages of $1.9 million. China is notorious for trademark and copyright infringement. Apps developers agree to obtain permission from content providers before their apps are published in the App Store. This is the second time in two months that a Chinese court has ruled against Apple over materials published in the App Store. In November, a court ordered the company to pay $84,000 to the Encyclopedia of China Publishing House over similar copyright infringement.
For more about the company, check out our previous Apple Rumors stories.
Source URL: https://investorplace.com/2012/12/friday-apple-rumors-insatiable-ipad-mini-demand-in-china/
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