A research note from Topeka Capital Markets analyst Brian White reveals that China is scooping up iPad minis like there’s no tomorrow, despite initial estimates that the tablet computer was not exactly craved for.
After carrying out checks with the supply chain in China and Hong Kong, White released a research note according to which customers were actually snatching iPad mini tablets at a fast pace.
In fact, supplies are now on the low, according to the Topeka Capital Markets analyst.
According to his note, the iPad mini was sold-out at pretty much all Apple Stores in both territories.
The diminutive tablet PC is said to be more popular than the fourth-generation iPad with Retina display, mainly because of its portability and lower price.
White also revealed that Apple is getting a hold of iPhone 5 supplies in the Far East, and that customers can now buy one without restrictions.
White wrote in his research note, “After the Galaxy S III and Galaxy Note I/II became more popular than the iPhone 4S in recent months, our discussions now indicate that the iPhone 5 has recently become the most popular high-end smartphone at the resellers that we spoke with.”
At the beginning of the month, Apple announced that the iPhone 5 would become available in South Korea on Friday, December 7, with more than 50 other countries being added in December, including Brazil, Russia and Taiwan.
On Friday, December 14, the handset launched in Albania, Antigua and Barbuda, Armenia, Bahamas, Bahrain, Bolivia, Brazil, Chile, China, Costa Rica, Cyprus, Ecuador, Grenada, Indonesia, Israel, Jamaica, Jordan, Kuwait, Macedonia, Malaysia, Moldova, and many other countries.
Apple continues to sell the iPhone 4S and iPhone 4 at lower prices with a two-year wireless contract.