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In a research note to clients, he examined the prospects of iPhone in China following recent reports that a deal between China Unicom and Apple could be in the works.
â€œOur Asia supply chain checks seem to indicate that Apple believes it can achieve an initial penetration rate,least on a sell-in basis, similar to the iPhone launch in the U.S.,â€ of about 20 percent Craig says. â€œIn fact, given our channel checks in Asia, Apple likely believes it can easily meet (and likely exceed) this and/or believes in other scenarios that result in much higher unit sales levels.â€