But can Apple make a cheap phone that isn't, in Tim Cook's words, "a crappy product"?
FORTUNE -- Adding to the growing literature of sell-side analysts who think the answer to Apple's (AAPL) market valuation woes (down 35% since September) is a low-cost iPhone, Morgan Stanley's Katy Huberty has looked at China, the world's largest smartphone market, and done the math.
She made several points in a note to clients Tuesday that MORE
Philip Elmer-DeWitt - Feb 19, 2013 7:19 AM ETThe paper's controversial "iEconomy" series went home empty handed Monday
FORTUNE -- With a record 108 Pulitzers under its belt, no American newspaper is better at winning journalism awards than the New York Times. And by the publication of the second in what was to be a nine-part series on the "iEconomy"-- seven of which were focused on Apple (AAPL) -- we were pretty sure the editors were hoping to ride Steve MORE
Philip Elmer-DeWitt - Feb 18, 2013 3:31 PM ET
China is the world's largest mobile market. Now its manufacturers want a piece of America's consumers.
By Kurt Wagner, reporter
FORTUNE -- It's no secret that China is a hotbed for mobile growth, particularly when it comes to smartphones. In fact, China is currently the top smartphone market in the world, accounting for 26.5% of all smartphone shipments last year, according to IDC. Not surprisingly, the country is home to a MORE
Feb 13, 2013 9:00 AM ETPart 9 in its iEconomy series, published Thursday, is the hammer that tries to nail it
FORTUNE -- If you wondered where the New York Times' massive, 9-part iEconomy series was headed, here's a clue: Part 1 was published on Jan. 21, and Part 9 on Thursday, Dec. 27 -- just under the wire, we presume, for the Dec. 25 electronic submission deadline for the 2012 Pulitzer Prizes in Journalism.
For reporters who know MORE
Philip Elmer-DeWitt - Dec 27, 2012 4:50 PM ET
Record first-weekend sales suggest a strong Chinese New Year for Apple
FORTUNE -- On Friday, UBS's Steven Milunovich wrote that "some of [his] Chinese sources do not expect the iPhone 5 to do as well as the iPhone 4S." Two days later, Citigroup's Glen Yeung wrote that reports of supply-chain order cuts "bring into question the strength of iPhone 5."
That was before Apple (AAPL) announced that it sold more than 2 million MORE
Philip Elmer-DeWitt - Dec 17, 2012 7:45 AM ET
Wall Street may have misread the signals coming out of Apple Stores in China
FORTUNE -- In a press release that represents first solid piece of good news for Apple (AAPL) investors in weeks, the company announced Sunday that sales of the iPhone 5 in China over its three-day launch weekend topped 2 million units.
"Customer response to iPhone 5 in China has been incredible, setting a new record with the best MORE
Philip Elmer-DeWitt - Dec 16, 2012 8:51 PM ETTwo noisy store openings and reports of "robust" iPhone 5 sales from local carriers
FORTUNE -- Maybe China's "Apple fever" hasn't broken quite yet.
Reports of low turnout and videos of nearly empty Apple Stores for the launch of the iPhone 5 in China helped drive Apple's (AAPL) share price in New York to a 10-month low Friday.
But a report Saturday in Shanghai Daily suggested that the media was watching the wrong stores. MORE
Philip Elmer-DeWitt - Dec 16, 2012 1:43 PM ET
Why are the lines of Chinese buyers are so long in the U.S. and so short in Beijing?
FORTUNE -- Two seemingly contradictory stories made headlines this week.
On Tuesday, a 44-year-old Chinese woman was captured on video being tased and handcuffed in a Nashua, N.H., mall after trying to buy more than her allotted quota of iPhone 5s. According to witnesses she became violently abusive when asked to leave the store, first MORE
Philip Elmer-DeWitt - Dec 15, 2012 11:14 AM ET
A chilly reception in China, warmer in Malaysia, Indonesia and the Philippines
FORTUNE -- Apple (AAPL) orchestrated one of its most ambitious one-day launches Friday, releasing the iPhone 5 in 33 countries in a global roll-out that moved westward across the timelines.
The reception varied widely in the early videos. Malaysians and Indonesians greeted the device in the style to which we've become accustomed, with long lines and high-volume hoopla.
In Beijing, by MORE
Philip Elmer-DeWitt - Dec 14, 2012 7:18 AM ET
No lines, no scalpers, no unruly crowds
FORTUNE -- If it wants excitement at its Chinese launch events, Apple (AAPL) may need to rethink the reservation-only system it put in place last January after a dangerous mob forced it to halt sales of the iPhone 4S in Beijing before they began.
IDG News' Michael Kan reports that turnout for the iPad mini that arrived in mainland China Friday was "nearly nonexistent." There wasn't MORE
Philip Elmer-DeWitt - Dec 7, 2012 6:12 AM ET