January 29, 2010 :: Posted by - SoSly :: Category - News
Despite a slow start, Apple’s smartphone presence in China could grow to 5 million iPhone sales per year — and could even double that if the company were to offer a lower cost prepaid model.
Analyst Katy Huberty with Morgan Stanley issued a note to investors Friday stating that she is bullish on the prospect of improved future iPhone sales in China. This week, Apple executive revealed that more than 200,000 iPhones have been activated since the handset launched on carrier China Unicom last fall.
Huberty noted that the current install base of unlocked iPhones in China is about 2 million, according to a new study conducted by Morgan Stanley. That is already similar to the largest European and Asian countries. Read more…