Report: iPhone 5 Sales Slowing Down In South Korea

  • December 26, 2012


According to a report  from Naeil News – a Seoul based daily newspaper that covers current affairs, the sales of Apple’s latest iPhone is on the decline after strong sales in the first ten days.

Sales of Apple’s iPhone 5 have been below market forecasts as less than 20,000 units are sold per day. More than 80,000 iPhone 5s were sold each day during the first ten days of its release in South Korea on December 7. Based on related business industry data, approximately 400,000 iPhone 5 have been sold so far.

As a result of the lower than expected sales, the report highlighted that Apple would not be able to meet their original forecast of selling 1,000,000 iPhones in the country by the end of the year.

According to the report, the following factors are currently contributing to the decline in sales of the iPhone 5:

  • Apple’s iPhone Smaller screen size when compare to competitors such as LG and Samsung in their domestic market.
  • The iPhone is perceived to have less features than smartphones from competitors.

The report also stated that the three major telecommunications service providers—SK Telecom, KT and LG Uplus are under investigation for ongoing discriminatory subsidies in the telecommunications industry. According to market experts, this could result in a decline in the number of iPhones sold in the country going forward.

Sources: Brightwire,  Naeil News


Posted by | Posted at December 26, 2012 08:14 | Tags: , , , , , , , , , , ,
Storm is a technology enthusiast, who resides in the UK. He enjoys reading and writing about technology.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Related Posts

Will Apple Develop a ChatGPT A.I. Competitor?

April 23, 2023
Apple has always been known for its innovative products, from...

The Latest Apple iPhone News: What to Expect in 2023

February 12, 2023
Apple Inc., the leading tech giant in the smartphone market,...

© 2023 THETECHSTORM. All Rights Reserved.