Forbes
It doesn’t matter how you do the math. Because by any measure, Apple’s China iPhone sales are going to be mind-boggling.
And with everything pointing to all three of China’s mobile carriers selling the iPhone, it’s a lock.
China Mobile, the world’s largest cellphone network, with 611 million subscribers (that’s almost twice the number of people living in the U.S.) will likely offer the iPhone within the next 12 months, reports the Wall Street Journal.
China’s second-largest carrier, China Unicom, with a notch under 200 million subscribers, already sells the iPhone (since 2009). And China Telecom, with 106 million subscribers (more subscribers than Verizon, the US’s second-largest carrier), will probably start selling the iPhone in November.
Analysts say the size of the potential market is so enormous that iPhone sales there would dwarf sales elsewhere around the globe, writes Fast Company. Running the numbers, and assuming 100-125 million Chinese buyers, Apple (NasdaqGS: AAPL) would take in $70 billion from Chinese iPhone sales alone—more than 20 times what it earned from China in 2010.
“China has the potential to become the second largest and perhaps even the largest market [for Apple] over time,” said Shaw Wu, an analyst with Sterne Agee in San Francisco, according to WSJ.
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