Analyst: Apple Could Launch TD-LTE iPhone by Year-End

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.