Apple: China iPhone Sales Disappoint? - Eric Savitz (Barron's)

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Apple: China iPhone Sales Disappoint?
Oct 12, 2009 03:28 PM UTC

Eric Savitz (Barron's)

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Via BARRONS.com: Tech Trader Daily - Barron's Online:

Is Apple (AAPL) running into trouble in China?

Ashok Kumar, analyst with Northeast Securities, asserted in a brief research note this morning that the much-ballyhooed deal for sale of iPhones through China Unicom (CHU) so far has been something of a dud.

“Sales of iPhone through China Unicom, to state it mildly, have been disappointing,” he writes. “Volumes since launch have run at a fraction of stated goals.”

Kumar isn’t offering any hard numbers, and Apple hasn’t yet, either. Meanwhile, Kumar remains positive on Apple’s shares. Apple will report earnings a week from today.

Apple’s shares continue to march higher: AAPL today is up 74 cents, or 0.4%, to $191.21.

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