According to Apple analyst Ming-Chi Kuo of TF International Securities Apple sold more iPhone 12 on preorders surpassing the iPhone 11 preorders from last year. Apple sold up to 2 million iPhone 12 models in the first 24 hours of preorders. Last year the iPhone11 800,000 units.
China has high demand for the phones because their country’s 5G networks are more available and in other countries including the US.
“The iPhone 12 Pro pre-order beat our expectation because of Apple core fans’ initial preference for high-end models, the strong demand in the Chinese market, and the coming peak season demand in the US and Europe.” Source: MacRumors