Merrill Analyst Sees China Unicom (CHU), Apple (AAPL) Signing Exclusive iPhone Deal
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A Merrill Lynch analyst put out a research note this morning highlighting recent rumors that China Unicom (NYSE: CHU) may be near a deal to become the exclusive provider of Apple's (Nasdaq: AAPL) iPhones in China for at least the next two years. The analyst cited industry checks who have indicated that if a deal was signed, iPhone products could be expected out by Q4, at which time Unicom will launch is commercial scale 3G iPhone.
Both companies involved are trading higher this morning: shares of China Unicom are up 1.3% to $13.90, while Apple shares are up 1.9% to $138.39.
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China Unicom stock is about to soar!
Terry Del Pino on Jul 23, 2009 11:41 PMThere is a huge opportunity coming for China Unicom! When the iphone's launch in China, this will boost profit's beyond belief. I have a feeling China Unicom will be launching Apple's iphones longer than 2 years. I suggest buying this stock now while the price is right. I plan to buy as much as I can in the near future. Will anybody be listing to me come October?