This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Apple to See China Boom Thanks to New iPad

NEW YORK ( TheStreet) -- Apple's (AAPL - Get Report) presence in China is about to get a lot bigger, as the new iPad will go on sale there later this month.

Apple announced that the new iPad will go on sale Friday, July 20. Customers will be available to buy the new iPad online through the Apple Store, select Apple authorized resellers and by reserving it through Apple's retail stores in China.

Apple has placed an increased importance on China, and the iPad will only place a greater weight on the Far East. The California-based technology giant recently settled the naming issue over the iPad in China, reportedly paying $60 million to Proview Technology.

The oft-rumored iPad Mini could help Apple's presence in China as well, as the customers are more cost-conscious, said Channing Smith, portfolio manager at Capital Advisors Growth Fund in a recent interview with TheStreet.

"We believe both the iPhone and iPad will be more successful in the coming years as price points come down. The vast majority of Chinese consumer demand falls in the $100 to $299 price-point range, which presents a challenge for Apple's premium-priced products, especially since they are going toe-to-toe against lower cost local vendors like Huawei and Lenovo," Smith said in an email.

Google's (GOOG - Get Report) Android-based tablets could be another target, as they are often priced far lower than the iPad.

Now that the iPad is available in China, there is tons of potential for the iPad in China, said one hedge fund analyst who declined to be named in a recent interview with TheStreet. "It [iPad] should be a proportionate opportunity to the iPhone."

Apple shares were higher in premarket trading, up 0.58% to $617.43.

Interested in more on Apple? See TheStreet Ratings' report card for this stock.

Check out our new tech blog, Tech Trends. Follow TheStreet Tech on your wireless devices.

-- Written by Chris Ciaccia in New York

>Contact by Email.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
AAPL $112.76 -0.47%
GOOG $618.25 -1.92%
FB $89.43 -1.74%
TSLA $249.06 0.23%
YHOO $32.24 -2.72%

Markets

Chart of I:DJI
DOW 16,528.03 -114.98 -0.69%
S&P 500 1,972.18 -16.69 -0.84%
NASDAQ 4,776.5080 -51.8170 -1.07%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs