The multiyear iPhone deal that Apple signed with China...
The multiyear iPhone deal that Apple signed with China Mobile will also have “implications” for Sprint, Wells Fargo Senior Analyst Jennifer Fritzsche said Monday. The iPhone 5s and iPhone 5c will be available via China Mobile’s network of retail stores…
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and at Apple retail stores across mainland China starting Jan. 17, Apple said Sunday in a news release. It’s “clearly a meaningful” announcement for Apple, said Fritzsche. China Mobile is the world’s largest mobile operator, with more than 760 million customers, making it seven times larger than Verizon, she said. China Mobile, like Sprint, is deploying the TDD LTE 4G service on the 2.5 GHz spectrum, she said. Until now, the iPhone hasn’t supported the 2.5 GHz band, she said. With the “significant scale” that China Mobile “brings to the table, it is our understanding that future versions of the iPhone device will now support this band,” she said. That’s a “significant positive” for Sprint shares, she said. Apple, however, didn’t immediately comment on its plans. Of the “Big 4” carriers, Sprint is the only one using the TDD version of LTE, she said. The iPhone “continues to be the most embraced high end” smartphone in the U.S., so having the device support the spectrum band and the TDD LTE technology “should strengthen Sprint’s competitive position in future quarters,” she said. Sprint shares, however, closed 1.8 percent lower Monday at $9.68.