“On July 7, the financial news world was rocked after leaked information regarding an Apple-China Mobile partnership possibility,” Invest Chief writes for Seeking Alpha. “The deal consists of China Mobile offering the iPhone to its customers. This is huge considering that China Mobile is the largest wireless carrier in the world with over 611 million subscribers.”
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“Apple analyst, Brian White of Ticonderoga Securities confirms of a leaked photo by Chinese news provider Sohu.com of an iPhone with the China Mobile logo on it,” Invest Chief writes. “The analysts predicts China Mobile to begin selling the iPhone in September of this year. Ticonderoga Securities believes this deal could provide Apple with $70 billion in revenue considering that the smartphone market in China represents a 100-125 million subscriber opportunity.”
Read more in the full article here.
[Thanks to MacDailyNews Reader “Fred Mertz” for the heads up.]
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Why not? They have 500 gazillion people and the US owes them tons of cash, not to mention cheap labor for building iGoodies for us all.
-Chris
Nice bump in the stock price after the news.
Badda-bing!!!!
Is SEVENTY BILLION really possible??? Not down the road, but now?
Nice bump in the stock price for the last several days. This news has been around since last week. It’s inevitable. Just how soon? All I know is my stock is up and my calls are looking good. Buy more calls. I don’t care if they sell it to Martians as long as I get a new iPhone soon and the stock holds up until earnings. But when earnings day arrives you’d better be ready because that’s what separates the grownups from the fanboys.