Morgan Stanley analyst Katy Huberty thinks the iPhone 5C looks poised to completely upend the smartphone market in China. Citing a proprietary survey of Chinese consumers, Huberty thinks that Apple ... more 
Morgan Stanley analyst Katy Huberty thinks the iPhone 5C looks poised to completely upend the smartphone market in China. Citing a proprietary survey of Chinese consumers, Huberty thinks that Apple will add more than 13 percentage points to its market share by releasing the iPhone 5C in China and another 6 percentage points by striking a deal with China Mobile. Mining giant BHP Billiton said its annual profit dove nearly 30 percent as slower growth in China and other emerging economies resulted in lower prices for copper, coal, and iron ore. The Chinese authorities said that they would set up a group to coordinate financial regulation, in an apparent attempt to reduce risk and wean the economy off of easy credit and steer it toward slower, more sustainable expansion. less 
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Tue, Aug 20, 2013 10:30 AM EDT