“China Unicom executives this week revealed that the telecom’s partnership with Apple has performed better than expected and contributed to a 14 percent rise in profits in 2011,” Josh Ong reports for AppleInsider. “MarketWatch reported China Unicom Executive Director Li Gang as saying during a press briefing that working together with Apple has ‘generated better-than-expected results.'”
Ong reports, “According to the report, the company said it grew both its 3G services and its fixed-line broadband businesses last year for a net profit of CNY4.23 billion ($672 million), up from $3.7 billion ($587 million) in 2010.”
“After launching the iPhone in China in 2009, China Unicom was Apple’s exclusive official carrier partner there for more than two years,” Ong reports. “China Telecom, the third-largest mobile operator in the country, released the iPhone 4S earlier this month.”
Read more in the full article here.
That is going to be on this quarters results along with the new iPad sales. Does anyone really think these talking heads really understand what Apple is selling and making at this time? You even have BestBuy selling about as many iPhones as Apple.
This is going to be a great quarter.
Funny how this is consistently the case with mobile carriers who finally agree to Apple’s terms to carry the iPhone.