Apple deal with China Mobile
I thought you might find this Market Current on Seeking Alpha interesting:
China Mobile’s (CHL) negotiations with Apple (AAPL) over a deal for the Chinese company to sell iPhones and iPads have been progressing well and both companies are optimistic about coming to an agreement, China Mobile Chairman Xi Guohua has said.
“Both sides sounded keen,” Xi said after the company unveiled H1 results. China Mobile is the only operator in the country that doesn’t have a deal with Apple to sell its devices.
With Apple’s sales in Greater China slumping 43% in FQ3, pressure growing about the lack of innovation, and Carl Icahn agitating for an immediate stock buyback, a deal with China Mobile would probably provide a welcome boost to Apple.
Why a deal with China Mobile would be significant for Apple. China Mobile is the world’s largest mobile phone company by users, with over 726 million subscribers
Fortune reports the website of a China Mobile subsidiary for the city of Suzhou (located near Shanghai) began taking iPhone 5S and 5C reservations last night, before halting its efforts today.
I have got some serious mixed feelings about venturing into China. In many cases any company should clearly see the difference between bad and good profit and calculate that into the balance account. Shareholders will always enjoy big dividend but on what cost ? Would not be better to focus on emerging markets like Brazil or many countries in Africa?
Apple and China Mobile have finally inked an iPhone deal,[ Edited: 05 December 2013 03:41 AM by DonRight ]
WSJ reports.APPL will now have access to the carrier’s 700M subscribers — that’s “seven times the size” of Verizon’s base, MarketWatch notes.
Rollout is expected this month.
Chinese 4G licenses handed out, services to start soon
An ad on China Mobile’s site suggests the world’ biggest carrier will begin taking pre-orders for the iPhone 5S on Thursday, as well as for 4G phones from Samsung and Sony.
A company rep confirms 4G pre-orders will start on Thursday, and that services will launch on Dec. 18 (the day of CHL’s 4G partner event).