Apple’s iPhone 5 starts strong in China but shares pressured
(Reuters) – Apple Inc said it sold more than 2 million of its new iPhone 5 in China during the three days after its launch there on Friday, marking China’s best-selling iPhone rollout ever. But the highly anticipated release in China, Apple’s second-biggest market, has not eased worries about stiffer competition in smartphones that are driving a slide in the share price of the world’s most valuable technology company. Apple shares fell 3. 8 percent on Friday to $509. . . .
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