China Mobile is in Close Talks with Apple over iPhone Deal

Aug 15 2013, 12:29pm CDT | by , in News | Apple

China Mobile is in Close Talks with Apple over iPhone Deal

The world’s largest mobile phone provider, China Mobile may seal the deal with Apple Incorporated regarding the iPhone and manufactures 15 4G smartphones. Meanwhile active negotiations between the two are likely to bear fruit as regards what lies in the future.

Since the past two years, the heads of China Mobile and Apple have been discussing matters of mutual interest with each other. Their talks may lead to a final agreement that satisfies both parties. The fact is that China Mobile is the only major Chinese mobile company to support TD-SCDMA technology. This does not feature on any version of the iPhone. Furthermore, the company has been taciturn as regards utilizing iPhones. But a recent development has changed everything for both Apple and China Mobile. Certain new microchips manufactured by Qualcomm have allowed Apple to incorporate China Mobile’s services in its spectrum. 

Meanwhile, the Chinese Government is looking forward to an expansion of its 4G networks within the People’s Republic. The second quarter financial report of China Mobile looks pretty good. The net income amounted to $5.8 billion. In 2012 it was $5.62 billion. So that is a definite improvement. China Mobile is something Apple has always had in its eyes set on. Now the wooing process just might pay off. Currently, China Mobile has over 740 million wireless clients yet not a single one of them can get his or her hands on an iPhone, which is a big tragedy.  Discussions are still going on. And though the positive vibes are there the finalization process hasn’t been reached.

After announcing the company's half-year results today, China Mobile Chairman Xi Guohua told reporters, "The discussions with Apple are still ongoing. We are actively negotiating and both sides are keen. There are still some commercial and technology issues that need time to resolve," he added, without elaborating."

Source: Reuters

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