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Apple Inc. (AAPL) Message Board

  • keiretsunikkei keiretsunikkei May 21, 2013 4:32 PM Flag

    Analyst Reaffirms Apple $888 Target On China Carriers Subs Released Today

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    Chinese growth and Chinese competition could drive Apple stock to $888, analyst says

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    • Great read, I like it.

      Sentiment: Strong Buy

    • Anybody that trades on analyst(shill) generated news is dumber than dirt.

      • 2 Replies to gigabyte426
      • Apple (AAPL) Gains Leverage to Strike Deal with China's Wireless Giant
        April 25, 2013 2:16 PM EDT Send to a Friend

        The best case for Apple (Nasdaq: AAPL) getting a bigger presence in China sooner rather than later may have been solidified today.

        Earlier, wireless giant China Mobile (NYSE: CHL) released results for its first quarter of 2013. Revenues were steady, rising 5.7 percent to RMB134.7 billion. Just about 16 million customers were added, bringing the total up to 726.31 million. Customers using 3G now number 114.4 million, up from 87.9 million in the same period last year.

        But, one item sticks out more than others: profit. Net income rose just 0.3 percent to RMB27.879 billion in the period. The number follows net income improving 3.1 percent for all of 2012, according to the latest report from China Mobile.

        China Mobile might be looking for ways to attract more consumers, or at least convert those on older networks to start using 3G capacity.

        With Apple now offering financing deals on the iPhone, it might be the right time for Apple and China's largest wireless company to hatch a plan. The market is still a big one for Apple, with Greater China accounting for about 18.8 percent of total sales in the most recent quarter.

        Shares of Apple are up 1.3 percent

        If you wish to be a success in the world, promise everything, deliver nothing.
        Napoleon Bonaparte

      • again it's an old target reaffirmed by chinese carrier's subscribtion metrics out today that the analyst inputs into his apple thesis. pressure on china mobile for an iPhone deal has now reached intolerable
        levels with fresh data.

        hope this helps.

        "The three major Chinese carriers reported subscriber growth for April 2013 today, and wireless subscribers rose 13 percent year-over-year to 1.16 billion. Fast wireless subscribers using 3G connection speeds rose 84 percent to 293.1 million.

        And that’s the critical number.

        The major competition right now between China Mobile, China Unicom, and China Telecom will drive China Mobile, the grandaddy of mobile in the Middle Kingdom, to finally adopt the iPhone …" in the 2H.

    • maybe a year ago. This ship is sinking below $300

    • More like 1111.11 lol....

    • Cue the lower-priced iPhone, which White believes is coming this summer.

      That will help Apple finally ink a deal with China Mobile just as the bulk of its 730 million subscribers are starting the switch to faster 3G connections. Which could mean tens of millions of new customers for Apple in Asia, and — with growth in other countries as well — set up a sales growth recovery for Cupertino that, White believes, can bring AAPL back to its $700 heights, and beyond, up to his price target of $888.

      That’s a lofty target, of course, and a lot will have to change between the ears of Wall Street analysts and institutional investors for that to become a reality. Morgan Stanley, of course, has also published an analysis that Apple could triple sales in China with a lower-cost iPhone.

      Since Apple sold $8.8 billion worth of product in China in the second quarter of this year, out of $43.6 billion in total sales, tripling that could be $26 billion quarterly, and perhaps as much as $100 billion annually.

      Those are big numbers, and whether Apple can accomplish that or not, no one knows. But if it did, that would certainly have a major effect on Apple, its stock, and the mobile markets.

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