China Mobile plans to launch the commercial side of its 4G services to the over one billion Chinese mobile phone users on December 18, 2013. The Chinese government expects to issue 4G licenses before China Mobile's launch of 4G commercial services. A representative from China Mobile Shanghai branch revealed that after the launch of 4G services, users can apply to use 4G without changing their current phone numbers.
It is all about AAPL and CM did everything just to get the iPhone deal.
Watch the announcement and the deal on Dec 18th and AAPL to fly back to $700 range.
Analysts will be changing their numbers and raising price target accordingly much higher.
January quarter will be a blowout based on what just happened on Thanksgiving and upcoming Christmas sales will be no different.
Sentiment: Strong Buy
I was right back on Nov 29th. The event was all about the new 4 G service. Too bad that someone from the Wall Street Journal reported that the deal was done. It was good for me because I sold at 575, got back into at 445. Also, Apple down because of a supplier is worried about slow growth. Well, that supplier doesn't work exclusively for Apple, they have others that they supply products to and its those other companies that will slow the growth, But you can't expect all investors to be smart like me lol!
China's Telecom Equipment Certification Center was updated on Wednesday to reveal that Apple had been granted a "network access license" for an iPhone that would run on China Mobile's network, according to The Wall Street Journal. The devices would be compatible with China Mobile's 3G and 4G LTE networks.
Also given approval were iPhones compatible with carriers China Unicom and China Telecom, both of which are set to receive the iPhone 5s and iPhone 5c when they go on sale worldwide next Friday, Sept. 20.
China Mobile subscribers will have to wait a little longer, however. According to KGI analyst Ming-Chi Kuo, the iPhone will launch on its network before the end of the year, allowing China Mobile more time to finish rolling out its TD-LTE high-speed network.