iPhone 5 Sells Over 2 Million Units in China

Apple has sold over two million iPhone 5s in China just three days after its official release.

"Customer response to iPhone 5 in China has been incredible, setting a new record with the best first weekend sales ever in China," said Tim Cook in a recent statement. "China is a very important market for us and customers they cannot wait to get their hands on Apple products."

The iPhone 5 was released in China on Dec. 14, and also launched in 32 other new countries on the same day. However, this recent announcement only relates to the China release.

Apple also had a successful launch with the iPhone 5 in the U.S. as the device went on to sell over 5 million units to the first 9 countries to receive the device.

The iPhone 5 is now available at Walmart for just $125.

The retailer slashed the price on the 16GB version of the Apple smartphone this past Friday and also discounted the 16GB iPhone 4S to $47 from its original price of $87.97.

These low rates can only be obtained when the buyer signs a new 2-year agreement with a participating carrier. It can also be accessed if the buyer is eligible for a full upgrade.

This is a great buy for those looking to purchase the iPhone 5 as a gift for someone.

Wal-Mart is also running a Christmas special on the 16GB Wi-Fi iPad as it is now selling for just $399. This is the 3rd generation iPad model which features a Retina display with an A6 processing chip. The retailer also will give customers a $30 iTunes gift card with their purchase of a new third-generation iPad.

A representative for the retailer recently spoke with MacRumors regarding its relationship with Apple and how it is able to offer these kinds of prices.

"Walmart works closely with Apple to secure some of the strongest allocations of their products. That being said, inventory is a first come first serve basis so we recommend customers come early to secure their Apple product. We will not offer rain checks but customer should know we will be refreshing out inventory on an ongoing basis," said Sarah Spencer.