Following a number of speculations and reviews over the past several weeks, The Wall Street Journal is reporting today that the Cupertino Tech Giant Apple and China Mobile have finally agreed on signing an iPhone deal. The company says it is planned to schedule the launch later this month.
The deal goes into positive node for Apple after nearly 6 years of on-and-off arguments and negotiations, and will give Apple access to China Mobile’s 700 million+ subscriber base. Thats a whooping user base for any company to get through profits.
The WSJ’s Lorraine Luk has a say on it:
“China Mobile Ltd. 0941.HK +1.01% has signed a long-awaited deal with Apple Inc.AAPL -0.23% to offer iPhones on its network, a person familiar with the situation said, an arrangement that would give the U.S. technology giant a big boost in the world’s largest mobile market.
The rollout of iPhones on the world’s largest mobile carrier by users, with over 700 million subscribers, is expected to start later this month, around the time of a Dec. 18 China Mobile conference in Guangzhou, according to two people familiar with the carrier’s plans. China Mobile is one of the world’s last major carriers that doesn’t offer the iPhone.”
Apple and China Mobile have been in arguments for several years now, and CEO Tim Cook has visited to Beijing several times to for a high profile meet with the carrier’s Chairman on multiple occasions. His most recent visit was in July, where it’s believed that the two made significant striking of the deal.
News of the strike of deal has been expected since September, when the iPhone 5s and 5c were launched to the public. The two smartphones are Apple’s first handsets to support China Mobile’s TD-LTE network, which is also rumoured to launch on the 18th of this month.