It has been reported that Apple Inc. (NASDAQ:AAPL) is set to build a partnership with both China Telecom and China Mobile in 2013.

Apple Inc. (NASDAQ:AAPL) Could Double Up In China

According to investment bank Morgan Stanley, the US based smartphone maker giant Apple Inc. (NASDAQ:AAPL) will partner up with both China Telecom and China Mobile “over the next year” to make its iPhone available on all three Chinese carriers.

According to a note issued to investors, Morgan Stanley analyst says that Apple Inc. (NASDAQ:AAPL) can only possibly reach 10 percent of the 150 million ‘high-end Chinese subscribers’ in the country through its current partnership with China Unicom.

The new deal could allow the firm to expnd its subscriber base and income from applications in the country.

Apple Inc. (NASDAQ:AAPL) shares were at 453.01 at the end of the last day’s trading. There’s been a 10.5% change in the stock price over the past 3 months.

Apple Inc. (NASDAQ:AAPL) Analyst Advice
Consensus Opinion: Moderate Buy
Mean recommendation: 1.15
(1=Strong Buy, 5=Strong Sell)
3 Months Ago: 1.21
Zack’s Rank: 1 out of 2 in the industry