Monday, September 24, 2012

Lawrence Lerner Business Consulting ? China's Consumerism is a ...

The Chinese mobile market is a staggering 917 million subscribers.? 688 million of which are on China Mobile?s network.? All mobile companies are state owned.? As a visitor to China I can attest to the even levels and high quality of service for the mobile networks.? The Chinese government has bet big on having state controlled infrastructure services and it may just be ready to pay off in a new way.

Much like their US consumer counterparts China?s populace turns in the phones for the latest technology every 18 ? 20 months, compared to Europeans, which holds on to technology for as long as 60 months.? That means a big opportunity for Apple?s new iPhone, which supports 4G technologies, and due to a bit of serendipity so will China Mobile?s network later this year.? Apple holds about 39% of the China market, which would net them a cool 268 million potential new sales.? This broad market, which mirrors the US with its own ecosystem for infrastructure and applications, is gearing up for the release.

JP Morgan has asked ?Can one little phone impact GDP?? They estimate ? ? ? % GDP growth in the US, but in China where phones are not subsidized the opportunity is much, much higher for economic growth.?

Source: http://revolutionaryinnovator.com/2012/09/chinas-consumerism-is-a-game-changer-for-the-global-economy/?utm_source=rss&utm_medium=rss&utm_campaign=chinas-consumerism-is-a-game-changer-for-the-global-economy

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