Why You Shouldn’t Worry About Apple Inc. (NASDAQ:AAPL)’s iPhone Sales In China
Apple Inc. (NASDAQ:AAPL) looks to China as one of its key markets. However, news from China hasn’t been encouraging in the recent times. It has been widely published that China’s economy has hut speed bumps and that the slowdown could hurt iPhone sales in the country. Contrary to the popular opinion, though, data points reveal a different truth.
Apple Inc. (NASDAQ:AAPL) is closely tied to China’s top three carriers, namely China Mobile Ltd. (ADR) (NYSE:CHL), China Telecom Corporation Limited (ADR) (NYSE:CHA) and China Unicom (Hong Kong) Limited (ADR) (NYSE:CHU). These carriers have device distribution agreements with Apple, and iPhone sales in China closely track subscriber gains by these three carriers. According to the latest data, each of these carriers has witnessed strong subscriber gain in the recent months, and there is no sign of fatigue in sight.
China Mobile adds 20.5 million subscribers
China Mobile is Apple Inc. (NASDAQ:AAPL)’s largest carrier partner in China. In the last month, the carrier added 20.5 million 4G subscribers, higher than 19.7 million subscribers added in March. Looking deeper into the data, China Mobile has added 39.6 million 4G customers in the first two months of the September quarter. That compares favorably with 27.3 million subscribers added in the first two months of the June quarter.
As it turns out, Apple’s partner China Mobile continues to add subscribers despite the economic fears. That should eliminate worries about troubled iPhone sales in China.
China Telecom in steady growth
The progress of China Mobile is just part of the story. The country’s second-largest carrier is also registering steady subscriber growth. In the first two months of the September quarter (July and August), the carrier added 3.7 million subscribers.
China Unicom’s numbers inspire
Apple Inc. (NASDAQ:AAPL)’s other Chinese partner, China Unicom, is also steadily gaining new subscribers amid the economic challenges in the country. In the months of July and August, the carrier added a total of 9.9 million 3G and 4G subscribers.
From the data from the three Chinese carriers, it doesn’t look like there is any cause for alarm regarding Apple Inc. (NASDAQ:AAPL)’s iPhone sales in China, especially in the September quarter.
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