With the much rumored China Mobile iPhone launch just around the corner, an analyst expects Apple to rake in an additional $10 billion in revenues from the launch.
China is a very lucrative market, and it goes without saying that having the iPhone on China Mobile will only serve Apple’s interests. China Mobile is the largest mobile carrier in the world with more than 750 million subscribers. Never before has the carrier officially sold the iPhone, however recent reports suggest that it might finally launch iPhone 5S and iPhone 5C on December 18.
RBC Capital Markets’ analyst Amit Daryanani expects the China Mobile and Apple deal to add roughly $3 in earnings per share to Cupertino’s stock, resulting in an additional $9-$10 billion in yearly revenue. Daryanani forecasts 17 million iPhone sales on an average selling price of $560 per unit with operating margins being kept at 30 percent.*If Daryanani’s prediction becomes true, and 17 million iPhones are sold on China Mobile in the first year alone, that would mean a nearly 10 percent penetration rate of China Mobile’s existing 3G subscribers.
The analyst also predicts that as a result of China Mobile iPhone launch, Apple’s marketshare in China is likely to surge 1.8 times. Technical issues that previously prevented the launch of iPhones on China Mobile have been taken care of. The company has received the required regulatory approval to put its iPhones on China Mobile’s TD-LTE network. China’s official state news agency confirmed last week that the carrier’s commercial 4G service launches December 18 alongside the iPhones.
Source: AppleInsider
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