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Universal Display Corp. Message Board

  • littleprincesscoolcat littleprincesscoolcat Jun 6, 2013 12:22 PM Flag

    S4 sales up in China

    Now this is just a cut and paste. But this Brian B guy could just be a liar.

    From Brian Blair of Wedge Partners warns that Apple sales into China are running much lower than last quarter’s level

    We believe iPhone5/4S sales in China have dropped much faster in Q2 from Q1 than expected. We think iPhone 5/4S sales in the nation were around 35K per day and the volume has dropped to 10-12K per day, a 70% QoQ decline. Retail channels and operators have cut prices on iPhone 5 and 4S by 10% recently, and reduced subsidies on iPhone 5 from 47 – 50% to 37%. We believe the focus of Chinese operators’ subsidies have largely switched to Samsung Galaxy S4

    Sentiment: Buy

 
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