- After tracking sales at Chinese e-commerce sites and regional Apple (AAPL) distributors, as well as talking with Chinese contacts, Wedge Partners' Jun Zhang believes China Mobile took ~100K iPhone 5S pre-registrations over the first two days of availability, and that China Mobile pre-registrations from "open channels" such as e-commerce sites and Apple's stores totaled ~150K.
- Those figures compare with 270K initial 5S pre-registrations by China Unicom and Telecom in September, and 400K-500K Unicom/Telecom pre-registrations via "open channels."
- Taking into account China Mobile-related activity, along with its impact on other channels, Zhang estimates total Chinese iPhone sales are now on a 2.7M-2.8M/month run rate, and will be on a 2.8M-2.9M/month run rate in Q1. That's in-line with a prior forecast for 34M-35M 2014 Chinese iPhone sales, up just slightly from 2013's 33M.
- By contrast, some peers have estimated China Mobile will single-handedly produce an extra 20M+ iPhone sales in 2014. It's worth noting Wedge has been conservative with its iPhone forecasts for some time.
Wedge Partners offers cautious China Mobile iPhone estimates
From other sites
at CNBC.com (Wed, 5:48PM)
at MarketWatch.com (Wed, 2:57PM)
at CNBC.com (Wed, 2:40PM)
at Financial Times (Wed, 2:38PM)
at CNBC.com (Wed, 12:12PM)
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