MERRILL LYNCH ANALYST: CHINA UNICOM TO LAUNCH IPHONES IN OCT
AsiaInfo Services, June, 2009
AsiaInfo Services 06-22-2009 Merrill Lynch Analyst: China Unicom to Launch iPhones In Oct BEIJING, Jun 22, 2009 (SinoCast Daily Business Beat via COMTEX) -- Apple Inc. (NASDAQ: AAPL) and China Unicom (Hong Kong) Ltd. (SEHK: 0762 and NYSE: CHU) might have reached an agreement about the introduction of iPhones into China, said Cynthia Meng, an analyst with Merrill Lynch (NYSE: SAR). The exclusive agreement is expected to be valid for two years, according to Ms.
Meng, predicting that Chinese consumers would begin to enjoy such smartphones from October 1, 2009. Supposing that the subsidiary for each iPhone user was CNY 1,950, ten to fifteen months would be needed for the two companies to make ends meet on the business. In fact, China Unicom started its iPhone...
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