Apple bears beware: China 3G subs grew 118% from 2011

iPhone likely to be "a major beneficiary" of the giant market's continued growth, says analyst

FORTUNE -- The skeptics who completely misjudged Apple's iPhone sales in April did so, as predicted, because they forgot about China -- the company's second-largest market after the U.S.

For those analysts who have reduced their iPhone estimates in the past week --...

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