Filed under “S” for “Stalling” and “Still waiting” is the Apple-China Mobile deal, which remains yet to materialize.
In place of the expected announcement, China Mobile chairman Xi Guohua said on Wednesday morning that his company currently has no announcement to make on a deal to carry the iPhone — although he hoped to reveal one soon.
“China Mobile has yet to reach an agreement with Apple, but good news deserves to be waited for, and we expect to release cooperation information soon,” he said.
Xi was speaking to reporters on the sidelines of the China Mobile Global Partner Conference 2013 in Guangzhou, a city in the south of China.
Xi told the conference that China Mobile aims to sell between 190 and 220 million handsets in 2014– with the company planning to step up subsidies to cover the cost of handset sales after spending 27 billion yuan in 2013.
As the world’s largest mobile telecommunications company, a deal with China Mobile would be understandably huge for Apple.
Partially in light of the lack of confirmation, Apple share prices fell — although rebounded slightly later in the day.
Source: The Street
