Cantor Fitzgerald Comments On iPhone 6 Launch in China

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On Tuesday, Brian White of Cantor Fitzgerald commented on Apple Inc.
AAPL
and mobile subscriber statistics for the month of September in China. White finds 3G subscribers grew by 33 percent year-over-year in September. White writes, We believe consumers in China have enthusiastically embraced the arrival of larger iPhones with the iPhone 6 and iPhone 6 Plus, while we expect the 4G ramp in the country to reach an inflection point in 2015. Given the recent introduction of larger iPhones with all three carriers and our expectation of a more aggressive roll out of 4G networks in China during 2015, we believe Apple's position in China has never been better. In our view, we expect China to remain a significant long-term opportunity for Apple and we continue to believe that Apple represents one of the more attractive stories in large-cap tech, trading at just 11x (ex-cash) our CY:15 EPS projection.” Cantor Fitzgerald currently has a Buy rating and $143 price target on Apple Inc.
Posted In: Top StoriesTechBrian WhiteCantor Fitzgerald
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