Katy Huberty is back from China with Apple news by Philip Elmer-DeWitt @FortuneMagazine May 8, 2013, 2:53 PM EDT E-mail Tweet Facebook Google Plus Linkedin Share icons FORTUNE — In a note to clients Wednesday, Morgan Stanley’s Katy Huberty, just back from China, reports on “feedback” from Asian carriers and suppliers that she views as positive for Apple AAPL . She makes several points: (I quote) After a slow start, iPhone 5 is now on track to meet carrier volume expectations. iPhone 4 price cuts could stimulate incremental demand near-term. Carriers see the opportunity for Apple to expand market coverage with 5-inch and lower-priced iPhones over time. TD-LTE licenses, and related phone launches, are expected by year-end. That last point may be particularly significant as it suggests that a contract with the last major Chinese iPhone holdout — China Mobile CHL , the world’s largest carrier with more than 700 million subscribers — could be signed before the end of the year. Separately, Taiwan’s DigiTimes reported Tuesday that China Mobile was expected to start an open-bid competition process as early as mid-May to procure equipment for 200,000 TD-LTE base stations for installation in 100 Chinese cities.