iPhone 5 Already Sold Out Across China

Even though Apple has yet to debut the iPhone 5 in mainland China, the phone has ostensibly sold out according to first-hand reports from Topeka Capital Markets analyst, Brian White.

According to Apple Insider, White writes…

“At Apple’s retail store, the iPhone 5 can be ordered online and a lottery process determines who is eligible for pickup at the store the next day,” … “Based on our conversations, you might have a better shot at winning the lottery than getting the iPhone 5 the next day.”

Not only are stores sold out of the iPhone 5 before the handset has even been released, but according to China Unicom, a carrier provider in mainland China, the iPhone 4S has been selling out rather steadily as well, as the company aims to make room for the iPhone 5’s launch in December.

Apple is currently working hard to provide the handsets to tech-hungry consumers, as demand has outweighed the supply, especially after the Foxconn strike incident, which nearly halted production of the iPhone 5 handsets.