Piper Jaffray: Apple can sell 17 million iPhones to China Mobile in 2014

“The Street today continues to ponder what a rumored deal for Apple’s (AAPL) iPhone with China Mobile (CHL), the world’s largest cellular operator, might mean for Apple’s bottom line,” Tiernan Ray reports for Barron’s.

“Piper Jaffray’s Gene Munster, who maintains an Overweight rating on Apple stock, and a $640 price target, today reflects on the report Monday night by Fortune’s Philip Elmer-Dewitt that a China Mobile subsidiary posted an advertisement for pre-orders of the iPhone, and subsequently yanked the ad, writes that ‘We believe it is likely that China Mobile launches the iPhone sooner rather than later,'” Ray reports. “Estimates, argues Munster, don’t yet reflect a contribution of as many as 17 million units that Apple could sell in 2014 at China Mobile.”

Read more in the full article here.


  1. What if the 76% smart phone market share for the iPhone in Japan is applied to China Mobile? What is only half, 38% of the China Mobile customers? And what ever it is, it is removed from Samsung and the other iPhone copiers!

    Is anyone really seeing this? And what about the “halo”?

    1. No, I don’t think anyone is seeing this. Apple will actually have to do it and I’m still not sure anyone on Wall Street will see it. Apple isn’t exactly like Amazon where mere dreams drive up the share price. Even if Apple sells more iPhones than expected, investors will see some threat from everywhere. Apple is always seen to be threatened by gremlins which will keep the stock’s value as low as possible. With Amazon, all Jeff Bezos has to do is say, “We’re selling a lot of devices” and the share price goes up $25. If Tim Cook said something like that the analysts will find some way to prove Tim Cook a liar.

      There is no free ride for Apple shareholders. There is only negative speculation. Because most analysts and the news media wants to believe Apple can’t sell lots of iPhones in China then Apple will have to prove in real sales numbers they’re wrong.

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