Gene Munster: Apple could sell 17 million iPhones through China Mobile deal
According to Piper Jaffray analyst Gene Munster, Apple could sell 17 million in additional iPhones through 2014 as part of a deal with China Mobile.
On Wednesday, China Mobile signed a deal with Apple to sell the iPhone on their network. China Mobile is the world’s largest wireless carrier with over 700 million subscribers. China Mobile was the last of the three major carriers in China to offer the iPhone.
On December 18th at the China Mobile conference in Guangzhou, executives at the company are expected to make announcements about their new 4G LTE network. The 4G LTE network compatibility was necessary for the iPhones to work with China Mobile, but another bottleneck in the deal was that the telecommunications company did not want to agree with Apple’s sales volume guarantees. Likely some concessions were made by both parties for this to work.
[Source: Barrons]This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry