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The Zacks Analyst Blog Highlights: China Mobile, Apple, China Unicom, ChinaTelecom and Google

CHL AAPL CHU CHA

 ZacksTrade Now

For Immediate Release

Chicago, IL – November 23, 2012 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include China Mobile Limited (CHL - Snapshot Report), Apple Inc. (AAPL - Analyst Report), China Unicom Limited (CHU - Analyst Report), ChinaTelecom Corp. (CHA - Snapshot Report) and Google Inc. .

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Here are highlights from Thursday’s Analyst Blog:

China Mobile Seeks iPhone Target

 

China Mobile Limited (CHL - Snapshot Report), the largest wireless carrier in the world by subscriber base, intends to sell 100 million mobile phones in 2013 with almost 80% of it in smartphones. This indicates a remarkable improvement of 25% over 2012 expected sales of 70-80 million units. A potential deal with the world’s second largest smartphone manufacturer Apple Inc. (AAPL - Analyst Report) can be attributable for the raised guidance.

China Mobile covers more than half of the Chinese mobile market with a subscriber base of 698.51 million at the end of third quarter 2012. Nevertheless, the company’s 3G customers comprise only 11% (75.6 million) of its huge subscriber base.

Two of its closest rivals – China Unicom Limited (CHU - Analyst Report) and ChinaTelecom Corp. (CHA - Snapshot Report) – with subscriber base of 229.49 million and 152.62 million, respectively, lags far behind but have far better 3G customer concentration than China Mobile. This provides China Mobile a significant opportunity to tap this under penetrated 3G market.

China Mobile’s biggest flaw is that it offers mobile service based on Time Division-Synchronous Code Division Multiple Access (TD-SCDMA) technology, which is not very well supported by the handset makers including Apple Inc.’s iPhone, resulting in lower upload/download speed. However, the competitors like China Unicom and China Telecom offer their services through globally acknowledged Wide Band Code Division Multiple Access (WCDMA) technology.     

With nearly a billion cell phone users, China Mobile offers a huge smartphone market, which is still being dominated by Google Inc.’s Android operating system (OS) and Apple’s iOS comes at a distant second place. 

The company has been in talks with Apple for quite some time in order to develop a TD-SCDMA iPhone, although nothing has been finalized yet. We believe China Mobile has to strike a deal with Apple sooner rather than later to have any realistic chance of achieving its 2013 smartphone sales target. 

China Mobile currently has a Zacks #2 Rank, implying a short-term Buy rating.

 

 

 

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