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Apple and China Mobile Sign a Deal Offering iPhone to Over 700 Million Subscribers

Apple has signed iPhone deal with China Mobile. It had been a long time in the pipeline. Via this deal Apple’s iPhone will be offered to over 700 million China Mobile subscribers later in this month.

Dec 5 2013, 4:08am CST | by

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Apple and China Mobile Sign a Deal Offering iPhone to Over 700 Million Subscribers
 
 

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Apple and China Mobile Sign a Deal Offering iPhone to Over 700 Million Subscribers

With China Mobile finally agreeing to sign an agreement with Apple regarding its iPhone, over 700 million subscribers will be receiving the services of the Western technology. China Mobile happens to be the world’s largest mobile carrier. Earlier it had refused to sign a pact with Apple because it didn’t have a 4G network running on its systems. 

But now that it has got the facility, Apple will be getting access to the biggest market on a global basis. Mid-December has been set as the time period when this plan will go into action. Meanwhile, the Chinese government has granted 4G licenses to China Mobile along with the two other smaller carriers. This will allow the employment of Apple iPhones on the networks functioning on these carriers. 

China wants to open up to the West even more so than previous times. Apple has the third biggest stake in the Chinese market directly after the United States and Europe. China awaits Apple’s arrival. China Mobile may sell over 1.5 million iPhones in the future, now that the deal has been finalized. And it had been reached after much negotiation and dilly dallying. 

This is a growth opportunity that Apple can’t afford to miss. Especially, after its fall in the global market share, Apple needs a helping hand. And China Mobile is the ideal partner it has to help it accomplish its goal.   

Source: WSJ

 

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<a href="/latest_stories/all/all/20" rel="author">Sumayah Aamir</a>
Sumayah Aamir (Google+) has deep experience in analyzing the latest trends.

 

 

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