Morgan Stanley analyst Katy Huberty has returned from China and issued a new investor note detailing her findings on the trip.
Here's what she had to say, via FORTUNE:
● After a slow start, iPhone 5 is now on track to meet carrier volume expectations.
● iPhone 4 price cuts could stimulate incremental demand near-term.
● Carriers see the opportunity for Apple to expand market coverage with 5-inch and lower-priced iPhones over time.
● TD-LTE licenses, and related phone launches, are expected by year-end.
China Mobile has talked about a deal with Apple for a long time; however, nothing has materialized as of yet. The network has over 700 million subscribers and millions of iPhone users despite not having an agreement with Apple to officially carry the device.
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Here's what she had to say, via FORTUNE:
● After a slow start, iPhone 5 is now on track to meet carrier volume expectations.
● iPhone 4 price cuts could stimulate incremental demand near-term.
● Carriers see the opportunity for Apple to expand market coverage with 5-inch and lower-priced iPhones over time.
● TD-LTE licenses, and related phone launches, are expected by year-end.
China Mobile has talked about a deal with Apple for a long time; however, nothing has materialized as of yet. The network has over 700 million subscribers and millions of iPhone users despite not having an agreement with Apple to officially carry the device.
Read More