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Apple Inc. Message Board

  • apple_bull apple_bull Oct 5, 2013 5:36 PM Flag

    Why did stock go down and not up on China Mobile News?

    You would think stock price would rocket on this news.

    iPhone will launch on China Mobile (CHL), the world's largest wireless carrier, in November, Wedge Partners analyst Jun Zhang said in a research note Friday.

    "We believe China Mobile will launch four iPhone models in November, including 5S and 5C," Zhang wrote. "The current procurement is very small, about 200K-250K units. We expect China Mobile will launch more (4G) smartphones in 2014."

    Apple's iPhone handsets are among 11 4G smartphone models expected to launch on China Mobile's new high-speed wireless service in November, Zhang said. The rollout also includes one handset model each from Samsung, ZTE, Huawei and Sony (SNE), and three from Coolpad.

    Sentiment: Sell

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