Rural China Gets Smartphones, China Mobile Goes To $58

Smartphone penetration was only about 15% by 2010 in China and presents a large market potential for Chinese telecom providers. We recently launched coverage of China Mobile with a price estimate of near $58.50, which is 20% ahead of the market price.

Source: http://www.forbes.com/sites/greatspeculations/2011/10/05/rural-china-gets-smartphones-china-mobile-goes-to-58/

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