China's iPhone 5 sales in first weekend tops 2 million

Apple announced record sales for its latest handset, marketing its fastest ever rollout in the country.

Following Apple's iPhone 5 launch in China on Dec. 14, the Cupertino-based company announced it sold more than two million units of the phone over the weekend.

The response in China had set a new record with the best first weekend sales ever in China, Tim Cook, the company's CEO said in a statement on Monday. "China is a very important market for us and customers there cannot wait to get their hands on Apple products," he said.

Apple's latest smartphone had gone on sale in China on Friday . In October, the phone had received regulatory approval for two versions of the iPhone 5 --a 3G/GSM version for China Unicom network, and a CDMA version for China Telecom's network. It is however, not available on China Mobile yet, the country's and world's largest telco with more than 600 million subscribers.

Cook also said Apple generated US$23.8 billion in China for its fiscal year ending September , up by over US$10 billion year-on-year, representing a 78 percent rise.

Other than China, the iPhone will be on sale in more than 100 other countries by the end of December. Apple said this makes the iPhone 5 the fastest iPhone rollout ever.