Edible Apple

With the iPhone set to arrive in China sometime during the 4th quarter, analysts are already trying to figure out the extent of Apple’s deal with China Unicom on Apple’s bottom line.  While there’s no way to predict how the iPhone will perform in the Chinese market, USB analyst Maynard Um speculated in a note to investors last week that even if Apple were to sell just 1 million iPhones in China next year, it would work to increase Apple’s EPS by $.04.  As it stands now, Wall Street anticipates Apple’s fiscal 2010 earnings (which end in Sept. ’10) to come in at $6.79 a share on revenue of $42 billion.  Closing out the note, Um maintained his “Buy” rating on Apple with a price target of $170.