Apple (AAPL) iPhone Demand in China Exceeding Supply Still
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BUY (= Flat)
Dividend Yield: 2.7%
Revenue Growth %: +11.2%
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Apple Inc. (NASDAQ: AAPL) iPhone demand in China is still exceeding the supply available, according to China Unicom Ltd. (NYSE: CHU), which has put measure in place to ensure consumers do not buy the phone with the intent to sell it at a higher price.
The Chinese wireless provider said that it has taken orders for 600,000 iPhone 4s, but did not say how many have been delivered.
This is a good sign for Apple's growing popularity in the world's largest cellular population, which has been reluctant in the past to accept foreign competitors to domestic made cell phones. Apple continues to expand in China, offering more products and opening additional retail locations in the nation's largest cities.
In Hong Kong, Telstra Corp. has also been unable to keep up with the demand for the iPhone 4 due to supply.
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The Chinese wireless provider said that it has taken orders for 600,000 iPhone 4s, but did not say how many have been delivered.
This is a good sign for Apple's growing popularity in the world's largest cellular population, which has been reluctant in the past to accept foreign competitors to domestic made cell phones. Apple continues to expand in China, offering more products and opening additional retail locations in the nation's largest cities.
In Hong Kong, Telstra Corp. has also been unable to keep up with the demand for the iPhone 4 due to supply.
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