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12-23-2013, 06:37 PM
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Apple is up 3.3% in pre-market trading to $566.70.
The stock is moving after Apple confirmed that it has a deal with China Mobile, the world's biggest wireless carrier.
Apple will start selling iPhones on China Mobile on January 17, which Piper Jaffray analyst Gene Munster says "de-risks" the March quarter. In other words, there was concern of a weak March quarter, but with a fat new customer, Apple should sell a lot of iPhones.
Munster is calling for 17 million iPhones to China Mobile next year (http://www.businessinsider.com/what-apples-big-deal-with-china-mobile-means-in-terms-of-actual-iphone-sales-2013-12), and says the deal will add 5% to analyst estimates for revenue in fiscal 2014. (So, expect analysts to start upping their estimates.)
What a difference a year makes for Apple.
At this time last year, the stock was in free fall as everyone believed the company's iPhone sales had hit a wall.
Today, it has a new distribution partner, and it's geared up for a big 2014 with new iPhones, and perhaps entirely new product categories.
SEE ALSO: The 10 Mega Trends To Watch In Tech For 2014 (http://www.businessinsider.com/10-mega-trends-in-tech-for-2014-2013-12)
Join the conversation about this story » (http://www.businessinsider.com/apple-estimates-2013-12#comments)
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أكثر... (http://feedproxy.google.com/~r/businessinsider/~3/9q1XfBtagd8/apple-estimates-2013-12)
Apple is up 3.3% in pre-market trading to $566.70.
The stock is moving after Apple confirmed that it has a deal with China Mobile, the world's biggest wireless carrier.
Apple will start selling iPhones on China Mobile on January 17, which Piper Jaffray analyst Gene Munster says "de-risks" the March quarter. In other words, there was concern of a weak March quarter, but with a fat new customer, Apple should sell a lot of iPhones.
Munster is calling for 17 million iPhones to China Mobile next year (http://www.businessinsider.com/what-apples-big-deal-with-china-mobile-means-in-terms-of-actual-iphone-sales-2013-12), and says the deal will add 5% to analyst estimates for revenue in fiscal 2014. (So, expect analysts to start upping their estimates.)
What a difference a year makes for Apple.
At this time last year, the stock was in free fall as everyone believed the company's iPhone sales had hit a wall.
Today, it has a new distribution partner, and it's geared up for a big 2014 with new iPhones, and perhaps entirely new product categories.
SEE ALSO: The 10 Mega Trends To Watch In Tech For 2014 (http://www.businessinsider.com/10-mega-trends-in-tech-for-2014-2013-12)
Join the conversation about this story » (http://www.businessinsider.com/apple-estimates-2013-12#comments)
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أكثر... (http://feedproxy.google.com/~r/businessinsider/~3/9q1XfBtagd8/apple-estimates-2013-12)