Chinese hate all things Japanese, so the IPhone has the potential to become a fad in China, regardless of price and knockoffs. Young Chinese people do not care about price; they do not fit the model of insanely price sensitive Chinese bargain hunters… More
Yes, Chinese telecom. Very exciting. I suspect that the excitement is driving prices beyond what's reasonable. If they had a monopoly position, I could see the P/E being reasonable. I believe that success will simply breed more intense competition,… More