iPhone 5 will account for 33% of Chinese export in 4Q

Chinese exports saw a decline in 2011 but will soon see a massive gain in September and October, thanks in part to the new Apple iPhone 5.

Barclays Tech team except Apple 4Q iPhone shipments to jump 22 percent year on year and be up 93 percent on quarter. Apple’s iPhone, iPad, and ultrabook products will account for almost 4 percent of the total Chinese exports in 4Q. The money China gets for building the iPhone, just about 11% stays in China between the labor costs and materials whereas with shipbuilding, the number is much bigger. Apple’s new smartphone has become the fastest-selling iphone ever, with preorders for the new device surpassing 2 million in the first 24 hours. Many forecast that more than 30 million iphones will be sold by end of September. Sales of iphones account for more than half of Apple’s revenue. IPhone 5s have already been pre-ordered in China, according to multiple various reports. People in Chinea have said, they've received shipping emails notifying them their iPhone 5 has left Zhengzhou, China. Foxconn, one of Apple's iPhone suppliers, has a factory in Zhengzhou.