“With six years to think about the question, many Apple (AAPL) analysts have already placed their bets for how many extra iPhones Apple is likely to sell in China now that the deal with China Mobile (CHL) has been announced,” Philip Elmer-DeWitt reports for Fortune.
“In theory, Apple just increased its addressable market in the world’s largest cellphone marketplace by 760 million potential customers,” P.E.D. reports. “But many of those China Mobile subscribers have already purchased a smartphone. And among the rest, most can neither afford an iPhone or live near enough to one of China Mobile’s high-speed base stations to take full advantage of the device’s capabilities.”
P.E.D. reports, “That gives analysts a lot wiggle room — especially analysts who offered a range of numbers — as you can see…”
Read more in the full article here.
MacDailyNews Take: Analysts. It’s quite the job to have less accountability than a local TV weatherman while placing bets with other peoples’ money.
[Thanks to MacDailyNews Reader “Dan K.” for the heads up.]