China Telecom could begin offering Apple’s iPhone by the end of this year in a deal that could represent a $9 billion opportunity for the tech giant according to recent reports. [1] [2] We believe that this deal could give Apple an opportunity to expand its presence in emerging markets like China and challenge Google’s Android-based phones, Research in Motion and Nokia in the emerging market smartphone market.
Given that Apple’s iPhone accounts for over 50% of valuation, positive news here will likely move the stock. Our $430 price estimate for Apple stock is about 20% above market price.
Posted in: techno news
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