If Apple (NASDAQ: AAPL ) is going to be able to grow its revenue in any significant way from this point forward, it has to find a way to grow in China. However, Google (NASDAQ: GOOG ) has seen its market share surge in this massive market, which has taken a toll on Apple's sales in the region.
But a new Morgan Stanley (NYSE: MS ) report suggests that Apple's prospects in China are about to receive a substantial boost from the launch of a lower-priced iPhone 5C on Sept. 10. Motley Fool analyst Joe Tenebruso believes that this new product will lead to a large spike in Apple's market share in China and provide a strong catalyst that could drive Apple's share price significantly higher.
For Apple's stock to soar, a few critical things need to fall into place. In The Motley Fool's special free report "5 Secrets to Apple's Future," we outline the key factors every Apple investor needs to watch. Just click here now for your free report.