There is a good news for China people who loves Apple
Inc.(NASDAQ:AAPL) iPhone as Chinese regulatory authorities on Tuesday issued
green signal to the company’s latest iPhone 5, which would allow the company to
start selling its phone in the country.
Chinese regulatory authorities stated that the
company’s phonies compatible with the country's GSM and CDMA networks. However,
the exact date for the launch is unknown, but markets are expecting it be
launched by the end of this year as stated
by CEO Tim Cook during the recent conference call with analysts.
The company won approval after 5 weeks of launch in
U.S. It is worth mentioning that Hong Kong was one of the initial regions to
get the iPhone 5 and has been a popular seller for China Unicom there, but the
rest of China couldn’t buy it and are only allowed to buy iPhone 4S as the most
recent model.
China is the key market for any mobile company as
the country represents the largest cell phone market in the world, and China
Mobile is the world's largest carrier by subscriber number, with nearly 700
million customers. An estimated 20 million or more subscribers are already
using the iPhone on China Mobile's network according to unofficial estimates,
even though they are restricted to 2G speeds for data on the devices, since
earlier versions of the iPhone don't support the company's TD-LTE network.
Wide availability of the iPhone 5 in China combined
with the west's holiday buying season could make Apple's fiscal first quarter a
boon time for iPhone sales, particularly if all three of China's major carriers
can get the iPhone 5 in stores soon. Analysts have said that a deal with China
Mobile could, all by itself, double current iPhone sales in the country.
No comments:
Post a Comment