Speaking about China, analyst Katy Huberty belives Apple is on track to sell 40 million iPhones in China this year:

Investment bank Morgan Stanley believes Apple will partner up with both China Telecom and China Mobile “over the next year” to make its iPhone available on all three Chinese carriers, a move that could bring incremental sales of as many as 40 million units next calendar year.

I believe these numbers to be very conservative, especially if Apple signs a deal with China Telecom.

[Apple Insider]