Apple investors got their Christmas wish: The China Mobile deal, which could add billions of dollars to Apple’s revenue, has finally materialized.
The iPhone will be available to China Mobile customers beginning January 17, Apple announced Sunday, with pricing and availability to be released at a later date.
“Apple has enormous respect for China Mobile and we are excited to begin working together,” Tim Cook said concerning the deal.
“China is an extremely important market for Apple and our partnership with China Mobile presents us the opportunity to bring iPhone to the customers of the world’s largest network,” he continued. “iPhone customers in China are an enthusiastic and rapidly growing group, and we can’t think of a better way to welcome in the Chinese New Year than getting an iPhone into the hands of every China Mobile customer who wants one.”
“Apple’s iPhone is very much loved by millions of customers around the world,” China Mobile Chairman Xi Guohua said in a statement. “We know there are many China Mobile customers and potential new customers who are anxiously awaiting the incredible combination of iPhone on China Mobile’s leading network. We are delighted that iPhone on China Mobile will support our 4G/TD-LTE and 3G/TD-SCDMA networks, providing customers with high-speed mobile service.”
No financial terms regarding the deal have been disclosed.