Report: China Mobile to Add $10 Billion to Apple's Bottom Line Next Year
As MMi reported
Tuesday morning, a China Mobile subsidiary in Suzhou has opened reservations for iPhone 5S and iPhone 5C orders. This development is highly indicative of the new Apple iPhones launching soon on the world's largest mobile network.
When that happens, it will represent one of the biggest market expansion opportunities for Apple to date. In fact, AAPL is trading up $14 on the day to $565 per share in response to investor optimism born of Apple's ballooning prospects in China.
According to a number of industry analysts cited in various reports today, China Mobile's move in carrying the iPhone could add as much as $10 billion to Apple's bottom line next year and at least that much every year afterward.
As of October 2013, China Mobile has well over 755 million subscribers, 170 million of which are high-speed data customers and ready for the new iPhones introduced by Apple in September.