Given this, the iPhone deal might not be a game changer that many expect, though it will boost revenues. The real question is by how much, and this will only be answered once the iPhone goes on sale for China Mobile in a little less than a month from now (Jan 17th).
Although the China Mobile deal is a positive for the company, the current dispute with Taiwan’s Fair Trade Commission may rationalize growth prospects to some extent. Moreover, increasing competition from other companies such as, Samsung, Sony (SNE), Nokia Corp. (NOK) and HTC are also likely to weigh on the stock.
Apple currently has a Zacks Rank #3 (Hold)
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