Monday, September 30, 2013

China Telecom Slips New iPhone Details (AAPL, CHA)

On Thursday afternoon, China Telecom Corp Ltd (CHA) accidentally revealed details about the Apple Inc. (AAPL) iPhone 5S and iPhone 5C.

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The company posted an advertisement for pre-ordering the phones. This announcement, which was removed soon after it was published, was slipped to the public before Apple’s launching event on September 11 in Beijing.

The post also suggested that the Chinese market will be one of the first markets to get the new phones.

Apple shares were up $3.45, or 0.70%, during pre-market trading Friday. The stock is down 7% YTD.

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