Singaporeans no longer obsessed with iPhone

70% of M1's new customers in 2Q12 chose Androids.

Telcos provide lower handset subsidy on Androids versus iPhones due to the cheaper retail price of Androids. According to DBS Group Research, this is likely to benefits SingTel and StarHub.

"In mid- August, we expect StarHub to beat market expectations by 12 % and report 2Q12 earnings of S$95m (23% y-o-y and 8% q-o-q). We like to highlight that the upcoming launch of iPhone5 (rumored
to be in September end) could reverse the trend just like how the iPhone 4S did last year," said DBS.

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