Apple Stroke of Genius
Analysts estimate that Apple could sell between 20 million and 30 million iPhones on China
Mobile’s network next year. That would effectively double the number of iPhones it sold in the
country in 2013. Colin W. Gillis, a technology analyst at BGC Financial, said in a recent
research note to clients that the China Mobile iPhone launch is one of the last remaining short-
term catalysts that could propel Apple shares substantially higher. As 2013 draws to a close,
Apple’s stock price is essentially flat for the year, although the shares have soared 33% in the
past six months, reversing steep losses in the first half of the year.
This deal analysis has Apple has suffered a steady drop starting from about early February 2012
With the having sold 125 million iPhones in fiscal 2012, Apple could sell another 17 million
through China Mobile alone in 2014, according to estimates from Piper Jaffray analyst Gene
Munster, adding 5% to the Wall Street’s revenue estimates for Apple next year. Analysts at
Robert W. Baird & Company believe Apple could sell an even bigger 30 million iPhones
through China Mobile in 2014. And the bold release of the Iphone 5C did not help this downfall
at all while the 5s expected sales was met the 5c kept on struggling.
to 3359.88 yuan. That’s about an average month’s salary in China, according to this data from
2012, or three months of a bus driver’s monthly salary, according to another source. In other
words, buying an iPhone for your average Chinese citizen would be much like buying a
cheapish second-hand car for $5,000 to $10,000 in the U.S.