Apple Releases iPad Mini in this Huge Market
While it remains to be seen how strong demand will be in China for the iPad mini, the release will have an affect on these three Chinese mobile companies, not to mention Apple itself.
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China has long been viewed as an important market for Apple, especially with its handsets and tablets. The WiFi version of the iPad mini was released in December, with quiet results. The sales of its latest iPad mini will struggle to break this trend, seeing as Apple doesn’t have a partnership with China’s largest mobile carrier…
China Mobile (NYSE:CHL) is China’s largest wireless service provider, and the world by subscribership, yet Apple still has failed strike a partnership with them. The release of the iPad mini on Friday didn’t have a significant effect on China Mobile’s stock.
China Unicom Limited (NYSE:CHU), a wireless provider that does have a partnership with Apple, saw its stock drop 12 cents (0.71 percent) on Friday. One of the nations leading wireless providers, they could use strong sales from the iPad mini.
China Telecom Corp. (NYSE:CHA), another partner of Apple, saw its stock take a minimal hit Friday, dropping 23 cents (0.40 percent) after the release of iPad mini.
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