Apple's iPhone 4S Reaches China - Analyst Blog
06 1월 2012 - 7:30PM
Zacks
The increasing popularity of Apple Inc.’s
(AAPL) iPhone 4S has prompted the company to launch the latest
version of the smartphone in China and 21 other countries on
Friday, January 13. With the recent launch, iPhone 4S will now be
available in 90 countries.
Apple’s iPhone 4S is based on the new A5 processor (used in
iPad2), which significantly accelerates operations. Another
addition to the 4S is Siri, a voice recognition command system to
initiate operations, access information and navigate through the
various features within the phone.
Now coming to the upgrades, the iPhone 4S features an 8 mega
pixel camera with an improved sensitivity light sensor and better
lens quality. The camera response time has also been accelerated to
facilitate faster clicking of pictures. Moreover, the video capture
has been upgraded to 1080p HD. iPhone 4S comes with a 3.5 inch high
resolution screen (same as the earlier versions) and has its usual
black and white casings.
Priced at $199 (16 GB), $299 (32GB) and $399 (64 GB), the iPhone
4S is set to be an instant hit among Apple fans.
China had been on Apple’s radar for a long time and has been the
fastest growing region for the company. In the recently concluded
quarter, China accounted for nearly 16% of Apple’s revenue with a
staggering 270% increase on a year-over-year basis.
Moreover, China accounted for 12% of Apple’s revenue in fiscal
2011. Apple expects China to be a major contributor to its top-line
growth going forward, especially since China has the largest
population and a healthy economic growth outlook.
Apple has 40 patents related to mobile phones in China,
including those for various user interface fundamentals and its
speaker technology.
With lingering turmoil in the U.S. and Europe, Apple has finally
reached out to the emerging markets, where several of its
competitors are already well entrenched. Apple’s ability to spur
the popularity of the products in developing nations, where pricing
is often an important consideration, will go a long way toward
deciding the company’s future growth. Judging from China’s rapidly
growing middle class and Apple’s strategic superiority, this may
not be an impossible task for the company.
Meanwhile, Apple remains entangled in various lawsuits against
Samsung Electronics Co Ltd and Taiwan's HTC Corp in various
countries. Of course, the uncertain outcome of these legal tussles
and impending lawsuits against several companies in different
countries will remain overhangs on the stock going forward.
Apple’s primary smartphone and tablet markets are crowded with
the likes of Research In Motion Ltd. (RIMM),
Hewlett-Packard Co. (HPQ), Dell
Inc. (DELL), Samsung, Cisco Systems Inc.
(CSCO), Toshiba and Acer, which are gaining popularity in several
international markets.
However, so far Apple has managed to maintain its leadership
position in the tablet market, and enjoys a very strong position in
smartphone markets as well.
We maintain our Neutral recommendation over the long term (6-12
months). Currently, Apple has a Zacks #3 Rank, which implies a Hold
rating in the near term.
APPLE INC (AAPL): Free Stock Analysis Report
CISCO SYSTEMS (CSCO): Free Stock Analysis Report
DELL INC (DELL): Free Stock Analysis Report
HEWLETT PACKARD (HPQ): Free Stock Analysis Report
RESEARCH IN MOT (RIMM): Free Stock Analysis Report
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