Apple finally squared away a deal to sell the iPhone 5s and iPhone 5c on China Mobile, the world's largest wireless carrier, and the effects of that deal are expected to result in positive gains on Apple's balance sheet next year. According to a new report, Apple stands to post an increase in revenues of about five percent in 2014 thanks to the deal alone.
Piper Jaffray analyst Gene Munster made the predictions in a recent report. He expects Apple will sell an additional 17 million iPhone units during 2014 through China Mobile. That figure should represent sales to about 10 percent of all of China Mobile's 3G subscribers, Munster said, according to Mordern Readers.
Apple's toughest battle will be against China's Android makers. Samsung is a major player in the market, though local brands such as ZTE, Huawei, Coolpad and others also have a large percentage of the market thanks to Android devices that are more affordable than Apple's iPhones. Indeed, Apple's high-end products may be successful thanks to a great brand name, though Apple's iPhone 5c has largely been a flop around the world and apparently stalled early negotiations between Apple and China Mobile due to a lack of demand.