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:GOOGL) 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.
Eric Bleeker, CFA, and Joe Tenebruso have no position in any stocks mentioned. The Motley Fool recommends Apple and Google and owns shares of Apple, China Mobile, and Google. 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.