Apple said Tuesday that it will begin selling the iPhone 6 and iPhone 6 Plus in China beginning Oct. 17. Apple announced it sold more than 10 million units in its opening weekend, despite the lack of availability in China. This news will allow Apple to sell the iPhone to the three major state carriers in China, including China Mobile (CHL) , China Telecom (CHA) and China Unicom (CHU) , as well as Apple's mainland China retail stores and Apple's Chinese Web site.
Apple customers will be able to pre-order the devices from its online store starting Friday, Oct. 10.
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Apple shares are down 1.7% for the month of September. The stock rose 0.60% to $100.71 on Tuesday. Here's what analysts were saying about Apple on Tuesday.
Brian J. White, Cantor Fitzgerald (Buy; $123 PT)
Last night, Apple announced that the iPhone 6 and iPhone 6 Plus will be available for purchase in China on October 17 and pre-orders will begin on October 10. During our China/Taiwan Tech Tour last week, we forecasted an October launch for the two new iPhones, and we believe the appetite for the new devices will be insatiable. We reiterate our BUY rating on Apple and believe the stock offers attractive upside during what we believe is the next "super cycle" for the company.
Apple Fever Starts All Over Again in China. Our meetings with the leading China-based, wireless carriers last week and discussions with numerous contacts in Asia have provided us with confidence in the notion that the iPhone 6 Plus and iPhone 6 will be met with an insatiable appetite in China.