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Report: Chinese iPhone 6/6Plus registrations top 4M

Oct. 03, 2014 12:02 PM ETApple Inc. (AAPL) StockAAPLBy: Eric Jhonsa, SA News Editor38 Comments
  • A Tencent news site reports Chinese iPhone 6/6 Plus (AAPL -0.2%) registrations (not the same as pre-orders) have now topped 4M. Yesterday, WantChinaTimes reported 1M registrations had been recorded by Chinese carriers within 6 hours of beginning to accept them.
  • Interestingly, Chinese online retailer Jingdong (JD.com) is said to have taken slightly more registrations for the 6 Plus than the 6 (1.19M vs. 1.11M). By contrast, Fiksu reports the iPhone 6 still maintains nearly a 4:1 global usage edge over the supply-constrained 6 Plus.
  • Nonetheless, the reported Jingdong figures mesh with the Chinese market's love of phablets. A skew towards the 6 Plus would boost Apple's iPhone ASP.
  • Separately, Re/code reports Apple is talking to music labels about lowering their streaming service licensing fees, thus allowing an ad-free service to be offered for less than the standard $10/month. The request comes amid rapid growth in streaming license fee revenue, and a decline in paid music downloads.
  • Recent reports suggested Apple is planning to overhaul the Beats Music streaming service, and possibly re-brand it.
  • Shares remain slightly lower on an up day for equities, following yesterday afternoon's Deutsche downgrade.

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