This just keeps getting higher and higher. Photo: Rob LeFebvre/Cult of Mac
Cupertino claimed the title of world’s most valuable company earlier this year, but according to some bullish Wall Street analysts, Apple could soon become the world’s first trillion-dollar company.
In a note to investors today, Cantor Fitzgerald analyst Brian White increased his target price for Apple shares to $180, putting his estimations well above other analysts’ expectations. Apple shares’ value will increase 40 percent over the next 12 months, according to White’s report.
While Apple naysayers have pointed to slumping iPad sales and the unclear future of the Apple Watch as signs that Apple is weakening, White gives three key reasons why Apple is poised to break the trillion-dollar barrier.
iPhone 6 and iPhone 6 Plus will officially be available to pre-order in China from Friday, October 10, ahead of their launch a week later, Apple has confirmed. The news comes just hours after the Cupertino company’s new smartphones finally received approval from China’s Ministry of Industry and Information Technology.
Days after China Mobile, aka the world’s largest mobile carrier, started taking preorders for the iPhone 6, rivals China Telecom and China Unicom (the second- and third-largest carriers in the country) have pointed out that they too will be selling Apple’s eagerly anticipated next-gen handset.
Referring to the 4.7-inch iPhone 6 as the “iPhone Air” and the 5.5-inch variant as the “iPhone Pro,” China Unicom has put up a pricing list for the devices, showing how cost will vary according to storage capacity and form factor.
Pretty much everyone already knows that the iPhone 6 is coming out next month, but one of Apple’s carrier partners in China just couldn’t hold onto the secret anymore, and announced to customers on Weibo that it will sell an unlocked iPhone 6.
The ad was quickly deleted, however, it did reveal that Apple plans to release a single version of the iPhone 6 that supports all the wireless networks in the China for the first time ever.
Apple’s continued Chinese expansion saw App Store revenue in China increase by 70% last quarter. That’s according to figures from a new Q1 2014 report from app analytics firm App Annie.
Key to this increase is the China Mobile deal which was announced at the end of last year, opening up Apple’s potential customer base to the 763 million users currently on the country’s biggest mobile network.
This time on the CultCast: Google buys Nest and their 100 ex-Apple employees, but why? Aaron Sorkin’s Jobs biopic finally gets a script, Kutcher’s Jobs just gets a Razzie nod; plus, iOS finally gets a full-size gaming controller!
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This week, Cult of Mac Magazine explores how Apple will reboot China, and why you, the aficionado, should care.
2014 is the year of the horse: seen as an auspicious symbol for swift success, it bodes well for Apple. The Cupertino company launches its deal with China mobile around the same time as the year changes over, a deal Tim Cook called a “watershed” moment.
Author and reporter Luke Dormehl delves into the factors that will shift Apple’s strategy there as it hopes to reach over 700 million potential fanatics and why this year we may begin to see the transition into “designed in California, built for Asia.” Hong-Kong based tech reporter Truman Au takes a look at local iPhone culture and why the gold iPhone is the choice of device – and matching cars, bags and shoes — for the country’s new rich.
As always, we’ll have the best in new apps, music, books and movies plus answers to your most pressing Apple-related questions from an actual Genius.
According to Tim Cook there is good reason to feel excited about the possibilities offered by Apple’s deal with China Mobile.
Cook — who is currently in Beijing ahead of the iPhone going on sale on the China Mobile network this Friday — said he is “incredibly optimistic” about Apple’s partnership with the world’s largest mobile carrier.