Apple Watch snapped up fast

Priciest models sold out in less than an hour to fanatical fans from the Chinese mainland

Online preorders of Apple Inc's new smartwatch, which came with a jaw-dropping price tag, have sold out in China in just two days, the US company has revealed.

News about the big-spending Apple fanatics in China will be comforting to CEO Tim Cook, after analysts had earlier suggested that selling prices between 2,600 yuan ($424.50) and a whopping 128,000 yuan might have restricted demand.