Demand for iPhone 4 Exceeds Supply in China

It seems excitement about Apple's AAPL iPhone is truly global, as demand for iPhone 4 handsets has outstripped supply, according to China Unicom CHU. Sales of the popular smartphone, which launched in China Saturday, came at a faster pace than sales of previous versions. More than 1,000 people waited, some for two days, outside the new Apple Store that opened in Xidan Joy City shopping mall on Saturday to get their hands on the new toy. Continue reading the article.