China’s JD sold $15.67 million in iPhones in first two seconds of Singles’ Day sales

China’s JD sold a whopping $15.67 million in iPhones in first two seconds of the Singles’ Day, or Double 11, 11-day shopping event.

China's JD sold $15.67 million in iPhones in first two seconds of Singles' Day sales
Apple’s iPhone 13 Pro

Arjun Kharpal for CNBC:

Chinese e-commerce giants Alibaba and set new sales records across their platforms on Singles Day, the largest shopping event in the world.

Alibaba said gross merchandise volume (GMV) during the 11-day period totaled 540.3 billion yuan ($84.54 billion), a more than 8% jump from last year’s 498.2 billion yuan.

JD said transaction volume on its platform totaled 349.1 billion yuan ($54.6 billion) during the Singles Day period, a 28% increase from the 271.5 billion yuan recorded last year.

Apple appeared to see strong sales. JD said transaction volume of iPhones surpassed 100 million yuan in 2 seconds after the final sales began on Nov. 10.

Both Alibaba and JD said they saw growth in smaller Chinese cities, a key focus for the e-commerce firms as they look to grow their user bases.

Users from so-called lower-tier markets accounted for 77% of all shoppers during the Singles Day period, JD said… When Double 11 sales opened on Nov. 1-3, spending in lower-tier cities and rural areas increased by nearly 25% from last year, Alibaba said.

MacDailyNews Take: Sooner or later, news such as this will help move Apple’s stock price.

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