Despite assumptions that the iPhone would struggle to achieve a foothold in Japan, a country on the cutting edge of mobile technology, the iPhone has taken the land of the rising sun by storm.
Despite assumptions that the iPhone would struggle to achieve a foothold in Japan, a country on the cutting edge of mobile technology, the iPhone has taken the land of the rising sun by storm. In 2009 the iPhone accounted for 72.2% of the smartphone market in Japan, and 4.9% of the entire cell phone market in the country.
One year later, Tokyo-based research firm MMRI is reporting that the iPhone remains as popular as ever in Japan, accounting for 60.1% of all smartphones sold from April through September 2010. In the broader cell phone market, the iPhone accounts for an impressive 7% of the Japanese phone market. The scary thing is that these figures merely underscore how much room there is for growth.
As Apple’s stock continues to soar to new all-time highs, analysts are consistently recalibrating their stock targets for Apple, with many analysts now anticipating Apple shares to sail well past $400. While such a high price may give some folks pause, remember that Apple is reporting record breaking earnings in a mobile market where most people still don’t own a smartphone.
via MobileCrunch
