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Title: Morgan Stanley: Unsold phones pile up in China ahead of 4G rollout and the launch of Apple's iPhone 6 Post by: HCK on May 13, 2014, 02:00:01 pm Morgan Stanley: Unsold phones pile up in China ahead of 4G rollout and the launch of Apple's iPhone 6
Demand is down and shipments up in the world's biggest smartphone market. <p>FORTUNE -- Katy Huberty is back from a trip abroad with fresh intelligence from the world's most important smartphone market: China.</p> <p>In a series of three "takeaway" notes to clients, she reports:</p> Inventory pile-up: The Chinese government is saying demand for new smartphones fell 9% year-over-year last quarter even as IDC reports shipments of phones into the region rising 37%. Huberty says the Chinese carriers are spending less on marketing and subsidies as MORE (http://tech.fortune.cnn.com/2014/05/12/morgan-china-apple-smartphone-glut/)<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=tech.fortune.cnn.com&blog=8466345&post=141973&subd=fortunebrainstormtech&ref=&feed=1" width="1" height="1" /><img src="http://feeds.feedburner.com/~r/fortuneapple20/~4/1SUHRujo9cw" height="1" width="1"/> Source: Morgan Stanley: Unsold phones pile up in China ahead of 4G rollout and the launch of Apple's iPhone 6 (http://rss.cnn.com/~r/fortuneapple20/~3/1SUHRujo9cw/http://tech.fortune.cnn.com/2014/05/12/morgan-china-apple-smartphone-glut/#commentshttp://tech.fortune.cnn.com/2014/05/12/morgan-china-apple-smartphone-glut/feed/atom/) |