Tag Archives: chl

Qualcomm Upgrade Fueled By China Smartphone Growth

Strong performance by Qualcomm (QCOM) in the expansion of mobile technology in China prodded an analyst at Canaccord Genuity to raise its price target on the chipmaker. Canaccord analyst Michael Walkley raised his target to 90 from 86. Qalcomm stock was up nearly 1%, near 81, in midday trading in the stock market today, touching a 14-year high. Walkley also increased his estimate on China smartphone sales. With China Mobile (CHL) and China Telecom

Apple iPhone sales on China Mobile slower than expected

The long-awaited debut of Apple’s (AAPL) iPhone on China Mobile (CHL), the world’s largest wireless carrier, is off to a modest start. China Mobile, which has nearly 776 million customers, added 1.34 million 4G subscribers in February and “most of them are iPhone users,” company Chairman Xi Gouhua told the Wall Street Journal on Thursday. The Journal estimated China Mobile has added about 1 million iPhones since it started selling the Apple smartphone on Jan. 17. Analysts have forecast that China Mobile (CHL) ould boost Apple’s (AAPL) iPhone shipments this year by 15 million to 30 million, the Journal said. A survey of analysts by Fortune put the average estimate at 18 million units. Cowen analyst Timothy Arcuri said the iPhone sales figures from China Mobile imply “a slightly slower ramp than we expected.” If the ramp remains slow, China Mobile’s iPhone sales will miss the consensus of 5 million units for…

NQ Mobile Music Radar Tech Licensed By China’s Huawei

Chinese mobile Internet service provider NQ Mobile (NQ)said Thursday that Huawei Technologies has agreed to a licensing pact that will integrate NQ’s Music Radar audio search and discovery technology into Huawei’s ring back tone (RBT) services and apps. The contract with Chinese networking and telecom gear maker Huawei follows similar agreements to use Music Radar by mobile carrier China Mobile (CHL) and Android music player providers TTPod and