Apr 24, 2014 - 05:15 PM EDT — AAPL: 567.77 (+43.02, +8.2%) | NASDAQ: 4148.338 (+21.372, +0.52%)
“According to Evercore Partners analyst Rob Cihra, China Mobile’s traction in the 3G market is slipping, and that may well be due to the fact that it still doesn’t offer the iPhone,” John Paczkowski reports for AllThingsD. “‘We think China Mobile could be starting to ‘need’ the iPhone more, since it has seen its 3G market share erode by -7 percent to 37 percent since 2011 vs. China Telecom+Unicom having gained +7 percent to 63 percent,’ Cihra said. ‘China Unicom alone has added nearly 2 million more 3G subs than China Mobile year-to-date despite being almost 1/3 the size, and overall share losses look to correlate with introduction of the iPhone in Mainland China.’”
Read more in the full article here.
[Thanks to MacDailyNews Readers "Fred Mertz" and "Dan K." for the heads up.]