"We believe affordable smartphone solutions supplied by Spreadtrum (SPRD +10.6%) and other...

"We believe affordable smartphone solutions supplied by Spreadtrum (SPRD +10.6%) and other competitors have resulted in extremely strong smartphone sales growth trends in tier-3 to tier-6 cities in China," says Canaccord's Mike Walkley, who upgraded Spreadtrum to Buy in response to its Q2 guidance hike. Unsubsidized prices for low-end Chinese Android phones have tumbled to the $100 range, and while the country's smartphone penetration rate has soared over the last year, it's still well below 50%. Walkley now sees Spreadtrum producing 2014 EPS of $3.24, up from a prior $2.71.

From other sites
Comments (2)
  • Ashraf Eassa
    , contributor
    Comments (9732) | Send Message
    Would be nice if they had made the call before the cat was out of the bag...
    13 Jun 2013, 06:16 PM Reply Like
  • Hendershott
    , contributor
    Comments (1842) | Send Message
    When do we get $100 smartphones in the US?
    13 Jun 2013, 07:55 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs