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.