Apple Predicted to Sell 40 Million iPhones in China Next Year
To say that Apple's iPhone 4S is a hot commodity in China would be a significant understatement. Two weeks ago, crowds swarmed outside of Beijing's Apple Store to such an exceptional extent that local authorities were called in to control the out-of-control masses.
Apple was subsequently forced to suspend iPhone sales at the stores in Beijing and Shanghai to help keep the peace and prevent further gathering of riotous crowds. The company announced it would offer the device through its online store other authorized resellers until the fervor settled.
Given how pervasive iPhone fever has proven to be in China, on Monday investment bank Morgan Stanley revealed its belief that Apple will soon team with both China Telecom and China Mobile to make its iPhone available on all three Chinese carriers. If that happens, analysts say, Apple could sell upwards of 40 million iPhones in 2013 alone. By comparison, Apple sold 68.5 million iPhones globally in all of fiscal 2011.
Analyst Katy Huberty says another factor that will help drive sales is the likelihood that Apple's sixth-generation iPhone is probably going to be compatible with China Mobile's looming 4G TD-LTE network, although she admits that it's "still too early to know for sure."