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
Updated from Nov. 29 to provide news from Apple on iPhone 5 and iPad mini in China in the seventh paragraph.
NEW YORK (
TheStreet) -- One of the largest bull cases on
Apple(AAPL - Get Report) is the growing popularity of its devices in China. That wave may be about to be unleashed as the iPhone 5 is going East.
According to a Chinese
regulatory Web site, a device that looks a lot like the iPhone 5 has just been approved for a "network access" license in China. It's expected that the iPhone 5 will come to
China Telecom(CHA - Get Report) and
China Unicom(CHU - Get Report) within the next few months. China Telecom Chairman Wang Xiaochu recently said his company hoped to get the popular device by early December.
Apple confirmed Friday morning that the Wi-Fi versions of its iPad mini and fourth generation iPad will be coming to China on Dec. 7. The iPhone 5 will be available one week later, Dec. 14).
Now that Apple is able to get the iPhone 5, which has
healthy demand in the United States, in the hands of Chinese citizens in time for the holiday shopping season, Wall Street estimates for iPhone sales could be conservative.
Wall Street has had a difficult time figuring out foreign iPhone sales, as the numbers are not regularly reported, as they are with domestic carriers, such as
Sprint(S). Piper Jaffray analyst Gene Munster said he believes Apple will sell 45 million units this quarter, but that was based on checks and calls to U.S. Apple Stores. Apple only has seven stores in China and Hong Kong, per its
Apple has been working on
iPhone 5 availability and ramping up production, as components become more readily available. Apple's Web site has shown an improvement in iPhone 5 ship dates, as back orders have improved. They've moved from three to four weeks to two to three weeks, now down to one week.
Supply and demand are starting to balance, which is inherently a good thing for Apple as CEO Tim Cook noted the response has been tremendous. "The demand for iPhone is extremely robust, we are thrilled with what we see," Cook noted on the company's
fourth-quarter earnings call.