Apple in China

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Some of the Apple ( AAPL , quote ) food chain names saw pop last night as China Mobile ( CHL , quote ) posted a notice on their website (which they later removed) they would be taking preorders for iPhones from 12th Dec. Smartphone demand is massive in China but just not sure this is the market for Apple.

[caption id="attachment_65572" align="alignright" width="300"] Image Courtesy Robert (kwramm): http://www.flickr.com/people/29075182@N08/ The iconic Apple store in Pudong[/caption]

Xiaomi sold 10K handsets in 10 minutes according to Morgan Stanley, as they today as they launched their Red Rice (their name, not mine) handset.

Meanwhile BAML saying any expectation from market about significant incremental iPhone units from China Mobile are unwarranted and that EPS will not see any meaningful move from this release.


BAML says iPhone from China Mobile will only add <10m iPhone units to annual sales



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , International , Stocks

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