• Eventually, says Huberty, the iPhone in China will reach penetration levels comparable to those of AT&T (T), where 63% of smartphone customers currently choose iPhones.
• In Morgan Stanley's bull case scenario, Apple within a couple of years will be selling an additional 57 million iPhones per year in China alone.
To put that in perspective, Apple sold 68.5 million iPhones worldwide in fiscal 2011, although with the launch of the iPhone 4S in October it sold more than half that many (37 million) in just one quarter.
