Apple doubles its addressable iPhone market in China

“China Telecom (CHA), China’s No. 3 mobile carrier and No. 1 Wi-Fi and fixed-line provider (total subscribers: 216 million), announced that it will begin taking iPhone 4S preorders next week for sales starting March 9,” Philip Elmer-DeWitt reports for Fortune.

“As of January, China Telecom had 38.7 million 3G subscribers, roughly 15 million of whom, according to a recent Morgan Stanley report, are so-called high-end users who could easily afford — and are eager to buy — an iPhone,” P.E.D. reports.

P.E.D. reports, “China Unicom (CHU), the country’s No. 2 carrier, has more 3G subscribers (43 million), but roughly the same number of high-end subscribers as China Telecom.”

Read more in the full article here.

MacDailyNews Take: Onward and upward!

[Thanks to MacDailyNews Reader “Dan K.” for the heads up.]

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