Apple has sold more than two million of its flagship iPhone 5 devices in China since making it available on Friday.

In a statement, Apple's CEO Tim Cook said, 'Customer response to iPhone 5 in China has been incredible, setting a new record with the best first weekend sales ever in China.'

Apple said the iPhone 5 will be available in more than 100 countries by the end of December, making it the fastest iPhone roll out ever. China is clearly one of its most important markets given the sure volume of people living there.

To date, iPhone 5 sales have been somewhat limited due to a shortage of supply. By now, analysts were hoping Apple would be able to meet demand for the iPhone 5, and by the looks of it, it has since it was able to fulfill a couple million orders in China alone over the weekend. Piper Jaffray analyst Gene Munster is anticipating that 49 million unit will be sold during the current holiday quarter.