"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.
Are you Bullish or Bearish on ?
Results for ()
Thanks for sharing your thoughts.
From other sites
at MarketWatch.com (Jul 12, 2013)
at CNBC.com (Jul 12, 2013)
at MarketWatch.com (Aug 3, 2012)
at MarketWatch.com (Jun 5, 2012)
at MarketWatch.com (May 4, 2012)
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