“Earlier today I posted an item from Northeast Securities analyst Ashok Kumar asserting that sales of the Apple iPhone in China have have been disappointing,” Eric Savitz blogs for Barron’s. “Here’s the original text of the relevant portion of the post:”
Is Apple (AAPL) running into trouble in China?
Ashok Kumar, analyst with Northeast Securities, asserted in a brief research note this morning that the much-ballyhooed deal for sale of iPhones through China Unicom (CHU) so far has been something of a dud.
“Sales of iPhone through China Unicom, to state it mildly, have been disappointing,” he writes. “Volumes since launch have run at a fraction of stated goals.”
Kumar isn’t offering any hard numbers, and Apple hasn’t yet, either. Meanwhile, Kumar remains positive on Apple’s shares. Apple will report earnings a week from today.
Savitz reports, “But here’s the thing. An Apple spokewoman notes that sales at China Unicom haven’t actually started yet. Which would make it hard for them to be disappointing.”
In an update, Savitz reports, that Kumar “notes that the phone had been available for pre-sale since the beginning of the month, and that is where he concludes the phone is so far disappointing.”
Full article here.