China continues to represent one of the biggest growth catalysts for Apple
Currently, China Unicom
A two-year service contract will get you a free 16 GB model, while signing away your soul for three long years will land you a 32 GB one. The low monthly service fee of just $45 may sound downright cheap compared with our stateside counterparts, but keep in mind that China's GDP per capita is roughly one-sixth of ours.
Well, we're now one step closer to Apple's domination of China, as an iPhone destined for China Telecom
It's still not obvious which specific iPhone model was approved, be it the newest iPhone 4S or an older model. China Telecom spokesman Xu Fei said discussions with Apple are still under way, and the carrier is hoping to begin selling an iPhone model this year, although "there's no timetable at the moment."
China Unicom and China Telecom are the second and third largest wireless carriers within the country, with approximately 196 million and 123 million mobile subscribers, respectively. Their combined 319 million subscribers still pales in comparison with China Mobile's
With the iPhone now available on the three largest domestic carriers, it's only a matter of time before China's three largest carriers see the same.
With iOS and Android leading the mobile revolution, some winners are hard to see -- because they're buried inside the gadgets. The proliferation of mobile gadgets is going to be breathtaking, and a handful of companies stand to rake in the profits as consumers snap up each year's latest and greatest models. We've just released a new special free report on 3 Hidden Winners of the iPhone, iPad, and Android Revolution. In it, you'll find three companies that supply crucial components that virtually every mobile device relies on. Check it out now -- it's free.
Fool contributor Evan Niu owns shares of Verizon Communications and Apple, but he holds no other position in any company mentioned. Check out his holdings and a short bio. The Motley Fool owns shares of Apple and China Mobile. Motley Fool newsletter services have recommended buying shares of Apple and China Mobile and creating a bull call spread position in Apple. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
More from The Motley Fool
Will 2018 Be Apple Inc.'s Best Year Yet?
The consumer tech giant is rolling ahead of next week's earnings report. Challenges and opportunities await in 2018.
Apple Addresses Repatriation Issue, but Leaves Big Question Unanswered
Apple has finally revealed some of its plans for the overseas cash, but the answer to one important question remains.
Why the Apple Inc. iPhone X Isn't Doing as Well as Hoped in China
The answer might surprise you.