Apple stores in Hong Kong are completely sold out of iPhone 5s, according to a report from Brian White of Topeka Capital Markets. The analyst, who is touring the region, said that the city was suffering from “iPhone 5 fever”, he found that every store he visited was completely out of the latest version of the iPHone.
The iPhone can still be purchased online, but next day pickup is issued via a lottery process.
“Based on our conversations, you might have a better shot at winning the lottery than getting the iPhone 5 the next day”
White also reports that China Unicom has completely sold out of the iPhone 4s in a bid to avoid an inventory situation ahead of the iPhone 5 launch in December.
Currently, around 15% of China’s smartphone customers own an iPhone. There is huge room for Apple to expand into China because they are yet to sign a deal with the world’s largest carrier, China Mobile. If Apple could materialise a deal with that company, then they have the potential to reach 688 million subscribers.