Hello traders everywhere! Adam Hewison here, President of INO.com and co-creator of MarketClub, with your video update for Monday, the 23rd of December.
Apple Lands A Big One
Yesterday, China Mobile announced that it had finalized a deal with Apple (NASDAQ:AAPL). This deal has been 6 years in the making and earlier in the month it was rumored not to be doable which made the stock of Apple fall. So just how big is the market for Apple with China Mobile?
To put the Apple China Mobile deal in perspective, the number of subscribers that China Mobile has is twice the population of the US. I think that gives us an idea of just how big the potential market is for the Apple iPhone in China.
About a month ago, I did it in-depth analysis of Apple showing where we thought the stock could go in the next month or two. You can see that analysis right here. It is well worth a visit if you missed it the first time. Continue reading "Apple Finally Inks The China Mobile Deal"