China's Premier Li Keqiang (left) shakes hands with Apple's chief executive Tim Cook. Photo: China Daily via Reuters

Cowen group analyst Timothy Arcuri is betting on the new iPhone series to have a good year in China, writing Wednesday that a massive base of customers ready to upgrade in China is poised to create a “powder keg.”

A rebound in China sales could be just what Apple needs, following the downturn reported this time last year when the company missed earnings estimates on a 26% drop in China sales.

The company has also made moves to improve public relations in the country with investments including a commitment of more than US$500 million in R&D in the country and a high-profile meeting with Premier Li Keqiang.

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