For Immediate Release
Chicago, IL – December 1, 2009 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: China Unicom (CHU), Google Inc (GOOG), Apple Inc (AAPL), China Mobile (CHL) and China Telecom (CHA).
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Here are highlights from Monday’s Analyst Blog:
China Unicom Prepares for “Uphone”
Second-largest Chinese carrier, China Unicom (CHU) is expanding its 3G wireless handset portfolio as the company has officially announced its new cell phone brand called the “Uphone.” The device will run on the company’s proprietary “UniPlus” operating system, which is based on the Google Inc’s (GOOG) Android platform.
China Unicom is also planning to launch an application store (“UniStore”) that will feature Uphone-based applications. UniStore has been designed to resemble Apple Inc’s (AAPL) App Store in China. However, China Unicom has yet to release a specific timeline for the commercial launch of Uphone and UniStore, nor has it released details of vendors participating in the project. China Unicom’s Uphone and UniPlus OS platform have recently won support from the Chinese government and are now designated as a major national project.
The government will fund the development of Uphone handsets. China Unicom’s Uphone project will benefit China’s handset design and manufacturing industry as well as boost its position in the international WCDMA technology-based handset market. Leveraging its newly commercialized WCDMA based 3G network, China Unicom unveiled iPhone in mainland China on Oct 1, 2009. The company has sealed a three-year deal with Apple to market its iconic handset in China.
Uphone represents China Unicom’s second biggest opportunity in the domestic 3G handset market and will complement its iPhone venture. The government backed Uphone project represents China Unicom’s attempt to emulate its larger peer China Mobile (CHL) which has launched a line of smartphones (called “Ophones”) based on its proprietary TD-SCDMA 3G technology.
Ophone leverages Google’s open-source Android mobile operating system and represents China Mobile’s answer to the emerging threat from iPhones. China Unicom’s other rival. China Telecom (CHA), is also pursuing a similar strategy as it is currently developing android-based handsets called the “Cphone.”
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