Analyst Katy Huberty issued a note to investors late Sunday noting the vast untapped potential for the iPhone in China. According to her, Apple can only possibly reach 10 percent of the 150 million "high-end Chinese subscribers" in the country through its current partnership with China Unicom.
China Mobile, the world's largest wireless carrier, holds the bulk of the country's high-end subscribers with an estimated 120 million customers who pay more than 100RMB ($16) a month. The final 10 percent of high-end subscribers are on China Telecom, the third-largest carrier in China.
Huberty sees a base case of 26 million incremental iPhone sales in China during the 2013 calendar year with the addition of China Mobile and China Telecom. Her bull case suggests 40 million units for an increase of $10 in earnings per share.
According to the analyst, Apple's sixth-generation iPhone is "likely to be compatible" with China Mobile's upcoming 4G TD-LTE network. She qualified that it is "still too early to know for sure," while restating the firm's belief that the next-generation iPhone will take advantage of a quad-mode baseband chip from Qualcomm. Morgan Stanley expects the next-generation iPhone to arrive in the third quarter of 2012 and a China Mobile iPhone launch to occur in late 2012 or early 2013
Source:-Apple Insider
China Mobile, the world's largest wireless carrier, holds the bulk of the country's high-end subscribers with an estimated 120 million customers who pay more than 100RMB ($16) a month. The final 10 percent of high-end subscribers are on China Telecom, the third-largest carrier in China.
Huberty sees a base case of 26 million incremental iPhone sales in China during the 2013 calendar year with the addition of China Mobile and China Telecom. Her bull case suggests 40 million units for an increase of $10 in earnings per share.
According to the analyst, Apple's sixth-generation iPhone is "likely to be compatible" with China Mobile's upcoming 4G TD-LTE network. She qualified that it is "still too early to know for sure," while restating the firm's belief that the next-generation iPhone will take advantage of a quad-mode baseband chip from Qualcomm. Morgan Stanley expects the next-generation iPhone to arrive in the third quarter of 2012 and a China Mobile iPhone launch to occur in late 2012 or early 2013
Source:-Apple Insider
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