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According to a report from Chinese tech industry watchers MIC Gadget, the biggest mobile phone company in the world’s largest smartphone market is one network permit away from carrying Apple’s iPhone 4S.
It looks like it’s time to pick up some AAPL, which closed +9.00 at 382.20 today, a stock that many believe is still undervalued, despite Apple’s continued success in the marketplace.
China Unicom is simply waiting for a network access certificate from China’s Ministry of Industry and Information Technology (MIIT), that will make the iPhone 4S’s arrival official.
“It’s not up to us. We’ve already done all of our preparations, we’re just waiting on the permit,” said sales executive for China Unicom Yu Yingtao.
After the iPhone 4S debuted in Hong Kong earlier this month, preorders sold out in less than 10 minutes. Needless to say, demand for the iPhone is huge in China, where nearly 67 percent of potential smartphone buyers are still untapped by Apple.
China already accounts for the second-highest profits for Apple and will continue to be one of Tim Cook’s primary targets for continued growth. Can anything slow Apple down?
