Topic: Growth Stocks

Wall Street Stock Forecaster Hotline – Friday, December 6, 2013

Article Excerpt

APPLE INC., $560.02, Nasdaq symbol AAPL, moved up this week in response to media reports that the company has signed a deal to supply iPhones to China Mobile, that country’s largest wireless carrier, with over 740 million subscribers. The Chinese government recently authorized China Mobile to offer 4G wireless service. That should spur demand for smartphones that can take advantage of the faster speeds that 4G offers, including the new iPhone 5S and 5C models. Apple already sells iPhones to smaller Chinese carriers, but they use an older technology. Adding China Mobile could boost iPhone sales in China by around 17% in the company’s current fiscal year, which ends September 30, 2014. A deal with China Mobile is a plus, but Apple still faces increasing competition from cheaper smartphones powered by Google’s (Nasdaq symbol GOOG) Android software. That could force it to cut its prices or offer other incentives to protect its market share. Apple is still a hold. Please make sure you are…