Apple and China Mobile have not yet finalized a deal that will allow the world’s largest carrier to sell the iPhone, reports Reuters. Earlier in December, a report from The Wall Street Journal suggested that negotiations were all but complete, with the two companies on track for a release sometime around December 18, the expected date for the carrier’s 4G launch.
A China Mobile store promoting Apple products last week
While China Mobile did launch its 4G network earlier today, bringing 4G speeds to its more than 700 million customers, there has been no sign of an iPhone deal.
Xi Guohua, the chairman of the world’s largest mobile phone carrier, said on Wednesday morning that his company had no announcement to make on any deal to carry Apple’s smartphones. Xi was speaking to reporters on the sidelines of a conference in Guangzhou, a southern city of China.
Multiple signs of an approaching deal between the two companies have popped up during the final months of 2013, with Apple receiving licensing needed to operate on China Mobile’s TD-LTE standard in September and releasing the iPhone 5s and the iPhone 5c with TD-LTE support.
Though a deal has not been struck, it is clearly in the final stages as China Mobile has been accepting iPhone pre-orders and heavily promoting both the iPad and the iPhone in stores across China.
China Mobile is expected to bring millions of new customers to Apple, significantly increasing the company's presence in China. While Apple currently has deals with smaller carriers China Unicom and China Telecom, both carriers combined have fewer subscribers than China Mobile.
Apple's stock price is currently down nearly 1.8 percent following the lack of a deal announcement.
Tuesday November 19, 2024 12:12 pm PST by Joe Rossignol
Barclays analyst Tom O'Malley and his colleagues recently traveled to Asia to meet with various electronics manufacturers and suppliers. In a research note this week, outlining key takeaways from the trip, the analysts said they have "confirmed" that a fourth-generation iPhone SE with an Apple-designed 5G modem is slated to launch towards the end of the first quarter next year. In line with previo...
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Apple released the AirTag in April 2021, so it is now three over and a half years old. While the AirTag has not received any hardware updates since then, a new version of the item tracking accessory is rumored to be in development.
Below, we recap rumors about a second-generation AirTag.
Timing
Apple is aiming to release a new AirTag in mid-2025, according to Bloomberg's Mark Gurman....
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Image credit: Reddit user No_Highlight7476
The Turbo feature provides enhanced network performance through ...
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The Wall Street Journal last month published an interview with Cook, in which he said he uses every Apple product every day. Soon after, The Verge's Wes Davis attempted to replicate using every Apple product in a single day. During that...
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In a research note with Hong Kong-based investment bank Haitong today, obtained by MacRumors, Apple analyst Jeff Pu said he agrees with a recent rumor claiming that the so-called "iPhone 17 Air" will be around 6mm thick.
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If that measurement proves to be accurate, there would be ...
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Booking.com is a site for reserving flights, cars, cruises, and hotels, while ChargePoint sells...
Doing business with China is usually not a great deal.
We give them our know how and technology and they give us cheat labor. I think we get the short end of the deal.
Without the deal with China, those poor people in the US will be living in the hell, not be able to afford anything. Thank China so that 95% people in the US can afford our computers, cellphones, cloths, furniture, dishes, etc...
The headline suggests an editorial opinion. If you want to be objective, what do you think about "Apple, China Mobile Negotiations Continue for iPhone Deal"?
If any expectation of a deal was set, my understanding is that timeframe was set by a news organization -- not the parties involved.
Also, the Apple stock price dip may reflect a host of other issues besides the China Mobile deal. While there may be a correlation, there's no verifiable indication of causation. I'd recommend, "Apple's stock price is currently down nearly 1.8 percent."
To be fair, the stock recently shot up (to just over $570) partly on the news that a China Mobile deal was so close, with a date of around today given. So this is just setting it back to how it was before. However, if the deal is imminent, why go back so far? :confused: It is confusing to me too. It makes some sense, but still not really logical.
So Wall Street got excited earlier this month over a deal that was never announced and stock went up 10%?
