No, not a $199 ASP phone for China and no, not China Mobile reporting record ARPU's on usage, but yes, China is finally really moving the needle.

Image courtesy Cory Doctorow: http://www.flickr.com/photos/doctorow/

Authorized Apple "Peseller," Olympic Electronics Plaza, Dalian, China

In yesterday's Apple's (APPL, quote) big earnings release, China was +13% on sales beating best estimates of +5-10%.  China (FXI, quote), which is now Apple's third largest market globally, is better positioned for 2H '14 as China Mobile (CHL, quote) continues to complete 4G rollout and the product refresh will be as eagerly awaited there as in the USA...    

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