iPhone Helps China Telecom Post 20% Profit Gain in 3rd Quarter

iPhone Helps China Telecom Post 20% Profit Gain in 3rd Quarter

China Telecom, the country’s third-largest mobile phone company by subscribers. posted a larger than expected gain in their quarterly profit, as iPhone users helped boost data usage.



Net income rose 20 percent to 4.5 billion yuan ($740 million) in the three months ended Sept. 30 from 3.75 billion yuan a year earlier, the Beijing-based company said in a statement on its Website today. That beat the 4.41 billion-yuan average of three analyst estimates compiled by Bloomberg.

The company is reaping the benefits of being one of two wireless providers that offer the iPhone in China. The second is China Unicom. Both companies beat earnings estimates in the quarter, while China Mobile, who has yet to offer the iPhone to customers, missed estimates.

China Telecom’s sales in the third quarter rose 12 percent to 80.7 billion yuan from 71.96 billion yuan

China Telecom’s mobile unit added 9.15 million 3G users in the third quarter, bringing it to 96.5 million, its total wireless subscriber base 181.1 million users at the end of the third quarter.

The carrier ranks behind China Mobile and China Unicom in wireless users in China, as China Mobile has 755 million wireless subscribers, while China Unicom has 273 million, the carriers said this month.

  1. 537666 568143Woh I enjoy your articles , saved to favorites ! . 828072

  2. 708703 479630I do not have a bank account how can I location the order? 422252

  3. 520493 151193But wanna say that this is very helpful , Thanks for taking your time to write this. 223343

  4. 406407 887644BTW, and I hope we do not drag this too long, but care to remind us just what kind of weapons were being used on Kurds by Saddams army? To the tune of hundreds of thousands of dead Speak about re-written history 819318

Leave a Reply

Your email address will not be published.