Apple's iPhone 5 may not be a hit in China

Concerns that the latest iPhone may not be a hit in China caused Apple shares on Friday to extend their slide from a record high price hit in September.

Apple shares were down 3.76 per cent to $509.79 at the close of the Nasdaq exchange, with the price eroding further in after-hours trades.

Stock in the iPhone, iPad, iPod and Macintosh computer maker have lost more than a quarter of their value since topping $700 per share in September as the iPhone 5 was poised to launch in the US and a half-dozen other countries.

via Business feed http://www.scmp.com/business/article/1106006/apples-iphone-5-may-not-be-hit-china