Apple (NASDAQ: AAPL) sold 37 million iPhones in its last competed quarter. Most analysts could hardly believe it. The consensus on Wall St was close to 30 million
Apple still has two huge untapped markets for its hardware. One is the business and enterprise markets, dominated by the PC. The other is China. So far, Apple’s sales in the People’s Republic has been slow.
Now, a Wall St. analyst has written about how he thinks Apple can sell 40 million iPhones in China in 2013. If that happens, it could help keep Apple’s high double digit revenue increases going
According to Apple Insider
Investment bank Morgan Stanley believes Apple will partner up with both China Telecom and China Mobile “over the next year” to make its iPhone available on all three Chinese carriers, a move that could bring incremental sales of as many as 40 million units next calendar year.
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.
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