IPhone China pricing said key

Investor's Business Daily

With China now the world's biggest smartphone market, and growing, RBC Capital Market urged Apple (AAPL) to get aggressive with pricing of older iPhones to gain share as it launches the new iPhone 5. Apple needs to be more competitive on pricing of earlier models to compete with Google (GOOG) Android phones at the low end, the report said. RBC forecasts that smartphone sales in China will jump to 185 mil in '13 from 150 mil this year. It sees 200 mil unit sales in '14. Apple shares fell 2.1% to 652.59.

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