Friday, November 07, 2008

Google Android and Today's Big Gainer: China Mobile Limited

Take a quick glance at today's big gainers on Google Finance and you'll notice China Mobile Limited.
If you're not familiar with the name, China Mobile Limited is the world's largest mobile phone provider,  with 415 million customers and $33.60 billion revenue in 2007.

Despite the fact that CML is a state-run enterprise in a republic infamous for extreme censorship,  half of China's population subscribes to wireless service and they've surpassed the U.S. in web use.

The most appealing aspects of CML's  are:
1. Upgraded Global System Communications for 3G.
2. Potential for growth-700 million potential subscribers in a market waiting to be tapped.

 In my post "China may help Android catch iPhone late in the race", I referenced an article in Forbes which claimed China had  575 million wireless subscribers (almost double the number of  the U.S.'s entire population)at the end of March 2008. Consider these facts and figures. Approximately 400,000 G1 Android phones were pre-ordered before they hit the shelves in late October.

Rich Miner, Google's group manager of mobile platforms, says Google has been negotiating for more models through LG,Samsung and Motorola .Bill Hughes, a principal analyst at market research firm In-Stat,believes that the Android will  triple Apple's iPhone sales total by 2012, with an estimated total of 96.9 million units sold.

Posted By Matt O'Hern at 02:55 PM
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