Did China Mobile give Apple the deal of a lifetime?
Shares of the iPhone maker were up Thursday on the news that it has finally reached an agreement with a huge Chinese carrier.
According to Motley Fool One Analyst Jason Moser, Apple has been pushing for this deal for a while, since it will provide the company with a subscriber base of 700 million new customers. However, Jason notes that those new customers have considerably less spending power than Apple’s customers in the United States, which means that Chinese buyers will be more sensitive to phone prices, and may not respond well to the constant replacement cycle that Apple pushes.
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they're going to need those older devices.
"Chinese buyers [. . .] may not respond well to the constant replacement cycle that Apple pushes."
Consumer Churn: Can Apple make a new flavor of their business model -- "China Churn"?
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