Market Overview

iPhone 5S, Low-Cost iPhone Could Arrive In China By November 28 (AAPL)

Related AAPL
Top 4 NASDAQ Stocks In The Electronic Equipment Industry With The Highest EPS
GT Advanced Technologies Issues Response to Apple's Statement Following Release of October 8th Declaration
BlackBerry CEO Talks 'Classic' Debut, Strategy (Fox Business)

Apple's (NASDAQ: AAPL) long-awaited iPhone 5S (and its cheap companion, the presumably titled iPhone 5C) might be slated for a late November launch in China.

According to a CNET translation of a report by China's First Financial Daily, both of the new smartphones will be released in China on November 28.

This could mean that Apple is decreasing the amount of time it takes for the company to launch its items in emerging markets.

When the original iPhone 5 was first released on September 21, 2012, it was only available in the United States, United Kingdom, Canada, France, Germany, Australia, Japan, Hong Kong and Singapore. Several other territories were added on September 28, but Chinese consumers were not able to purchase the iPhone 5 before December 14.

Related: 31% of Consumers Will Wait in Line for iPhone 5S

The iPhone 5S and 5C are currently rumored to be released in Japan on September 20 -- just 10 days after the expected iPhone event. Assuming that Apple maintains its previous release structure (and brings the new iPhone to America on the same day it arrives in Japan), September 20 could be the day when it is released locally.

At least one analyst believes that the iPhone 5S and iPhone 5C will set a new record for Apple as the company's most successful product launch.

While Apple has not confirmed or denied that it will release a low-cost iPhone this year, Samsung (OTC: SSNLF) has been preparing several new phones to counter this move.

Samsung may also release Galaxy Gear -- the firm's answer to Apple's unconfirmed iWatch -- in 2013.

Even if Apple does not release the next iPhone on September 20, many industry insiders are convinced that the smartphone will arrive sometime next month.

Disclosure: At the time of this writing, Louis Bedigian had no position in the equities mentioned in this report.

Louis Bedigian is the Senior Tech Analyst and Features Writer of Benzinga. You can reach him at 248-636-1322 or louis(at)benzingapro(dot)com. Follow him @LouisBedigianBZ

Posted-In: China's First Financial Daily CNET Galaxy Gear iPhone iPhone 5News Rumors Tech Best of Benzinga

 

Related Articles (AAPL + SSNLF)

Around the Web, We're Loving...

Get Benzinga's Newsletters