21 January 2019

Foxconn ships 1 mln-plus iPhone 5Ss to China Mobile, WSJ says

Apple Inc.’s major iPhone assembler Foxconn Technology Group (02038.HK) has shipped about 1.4 million iPhone 5S units to China Mobile Ltd. (00941.HK) last week ahead of the launch this Friday, the Wall Street Journal reported Tuesday, citing a person familiar with the matter. The deal with the Chinese mobile giant will help Apple sell an additional 10 million to 30 million iPhones this year, analysts were quoted as saying. But according to a recent Wedge Partners report, iPhone demand at China Mobile may be lower since rivals China Unicom Ltd. (0762.HK) and China Telecom Corp. Ltd. (00728.HK) have been offering the new model since late September and have also begun offering promotions to maintain subscribers, the newspaper said.

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