Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 152.72

+0.7%

12:49 PM EST

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To: David E. Taylor who wrote (110501)	1/8/2002 6:12:21 PM
From: Wyätt Gwyön	Read Replies (2) of 152472

i guess they spend a lot on phones there! China's per capita GDP in 2000 was only $3600 (purchasing power parity). cia.gov avg of $181 per JPM equates to 5% of per capita GDP, just for the phone. high-end $360 phone is 10% of per capita GDP. i don't see how those prices can be sustainable beyond a narrow segment of the population, unless somebody farther down the supply chain is very generous. e.g., compare per capita GDP in the US ($36,200) with ASPs here. i guess that'd be like an ASP of $1800 in the US (might have been possible if G* had caught on). even in "rich" Shanghai, per capita GDP last year was a whopping $4500. english.peopledaily.com.cn

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