Monday, August 18, 2008

iPhone to Lay Seige to Moscow by Winter

OK, the title is a bit over the top, but here's the deal.

After posting that carrier agreements barred Apple from official sales channels in the large markets of Russia and China despite strong grey-market demand, there's news that Russia will be supported, and that both Turkey and Russia will have two carriers apiece on launch.

The remaining question is the price Apple gets in China. Then, we find out how much foreign sales growth Apple gets, and the extent of its international demand.

If Apple's >500k per week unit production rate reflects existing iPhone demand and not pre-launch stockpiling, the answer should impress anyone using cash flow to value Apple (P/E being confounded by Apple's accounting).

No comments: