iPhone Pre-Orders May Finally, Quietly Begin Taking Hold with China Mobile
The catalyst that many Apple (NASDAQ: AAPL) bulls have been waiting for may have already begun.
Apple has been working on an iPhone agreement with China Mobile for more than six years, with talks appearing to be more serious since 2011. Apple CEO Tim Cook has traveled to China at least three times since assuming top duties at the company.
His most recent trip took place in late July, though the itinerary and details of the meetings hasn't been disclosed. This led many to believe that a deal with China Mobile was imminent.
China Mobile is the world's largest mobile carrier with 740 million subscribers. Previous estimates from Fortune revealed that a “conservative” analysis pegs the number of iPhones Apple could sell in China by 2020 at 100 million units. A more optimistic scenario could result in the company selling 200 million iPhone units in China by the end of the decade.
Fortune issued an update to their article warning investors and industry watchers that they have taken the Chinese website “at face value.” China Mobile has denied that a deal has been made between the two companies, while a China Mobile spokesman told CNN's Beijing bureau that a deal has yet to been finalized.
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