Latest News: Technology |  Celebrity |  Movies |  Apple |  Cars |  Business |  Sports |  TV Shows |  Geek


Filed under: News


Apple's Cook Says iPhone China Mobile Deal Is The Beginning of A Beautiful Friendship

Jan 15 2014, 5:21pm CST | by

1 Updates


Full Story

Apple's Cook Says iPhone China Mobile Deal Is The Beginning of A Beautiful Friendship

Apple CEO Tim Cook did something his predecessor, Steve Jobs, didn’t do in pursuit of a deal for the iPhone with China Mobile, the world’s largest mobile carrier: He actually went to China and publicized his visits.

The three visits in 13 months that Cook undertook after becoming CEO are part of the reason Apple was able to ink a deal in December with China Mobile. That ended six years of negotiations, according to the Wall Street Journal, which has a recap of the most recent meeting between Cook and China Mobile Chairman Xi Guohua. Those negotiations were started in 2008 by Jobs, who never publicly visited China.

“We’ve gotten to know each other,” Cook said in a rare joint appearance with Xi in Beijing last week to mark the availability of iPhones through China Mobile on Jan. 17. “Today is a beginning, and I think there are lots more things our companies can do together in the future.”

Xi said the alliance between the two companies will be “broad” and expand beyond smartphones.

Cook may be talking up the deal with China Mobile, which has more than 760 million subscribers, because it’s such a big deal for Apple. is a coup for Apple, which is working to fend off competition in the fast-growing Chinese smartphone market from lower-priced rivals. Apple ranks fifth in the market in China behind market leader Samsung and local suppliers Lenovo, Yulong and Huawei, according to research firm Canalys.

Greater China (which Apple defines as China, Hong Kong and Taiwan) has been the company’s fastest-growing market and now accounts for about 15 percent of sales, up from single-digits just a few years ago. It’s the third top region for sales after the U.S. And Europe. While Apple has had distribution deals with China’s other top carriers — China Telecom and China Unicom — China Mobile, which boasts than 176 million users on its high-speed 3G network, is the big catch. The new iPhones will run on China Mobile’s new 4G network as well as the company’s 3G network, which is built on its home-grown technology.

Several Million Pre-orders

Xi said that China Mobile has already received “several million” pre-orders for the iPhone since December and that the carrier plans to introduce new subsidies for Apple’s smartphone in the future, though he declined to provide details at last week’s event. According to Apple’s website in China, the retail price of a 16-gigabyte iPhone 5Swithout any subsidies is 5,288 yuan, or about $870, while an iPhone 5c with the same storage capacity is CNY4,488 ($738), the WSJ said. Phones based on Google’s Android mobile operating system and with similar hardware are priced starting at $327.

Despite the price difference, Apple’s brand does have cachet with China’s rising middle class, with consumers in the past lining up at stores and causing riots to get the latest gadgets designed by the Cupertino, California-based company. And Cook reiterated last week that Apple isn’t interested in going after the low-end of the mobile market and would continue to focus on quality over quantity.

“As of this weekend we will be selling iPhones in more than 3,000 additional locations,” Cook said. ” It’s a monumental day and a watershed moment.”

Apple sold more iPhones in Greater China in the December quarter than it has ever before, Cook said, adding that total iPhone sales climbed to record in the period. Analyst Gene Munster of Piper Jaffray estimates that Apple may have sold 55.5 million worldwide. Apple reports its fiscal first quarter results, which cover the December quarter, on Jan. 27.

Xi said the companies faced technological and commercial challenges in coming to an agreement, “something he likened to the ‘quarrels’ involved in any courtship,” the WSJ reported. Those challenges included China Mobile’s proprietary network, which Apple considered slow and unreliable. “Cook met with Mr. Xi in the fall of 2012 to discuss how to get the new iPhone to run on China Mobile’s faster fourth generation network. He also met with Qualcomm executives to build a chipset that would support China Mobile’s version of the iPhone,” the paper said.

Source: Forbes


You Might Also Like


Sponsored Update

Update: 1

Centurion Corp acquires Penang land to develop workers dorm

Source: The Edge Singapore

Centurion Corporation said it has agreed to acquire a piece of land located at Seberang Perai Selatan in Penang, Malaysia, for RM6.3 million ($2.45 million). This marks the group’s first acquisition in another state of Malay ...
Source: The Edge Singapore   Full article at: The Edge Singapore Aug 12 2014, 9:21am CDT


More From the Web

Shopping Deals


<a href="/latest_stories/all/all/31" rel="author">Forbes</a>
Forbes is among the most trusted resources for the world's business and investment leaders, providing them the uncompromising commentary, concise analysis, relevant tools and real-time reporting they need to succeed at work, profit from investing and have fun with the rewards of winning.




blog comments powered by Disqus

Latest stories

4.7-Inch iPhone 6 Screen Put Under Microscope as New 1472 x 828 Resolution Emerges
4.7-Inch iPhone 6 Screen Put Under Microscope as New 1472 x 828 Resolution Emerges
The most concrete suggestion so far has been a 1704 x 960 resolution that could see the current "2x" Retina display move to an even sharper "3x" display.
Barely Legal Pawn: A Funny Promo Video for Emmys featuring Aaron Paul and Bryan Cranston
Barely Legal Pawn: A Funny Promo Video for Emmys featuring Aaron Paul and Bryan Cranston
Bryan Cranston and Aaron Paul, two of the stars on the television show Breaking Bad and and Julia Louis-Dreyfus are acting in an Emmys promo video titled 'Barely Legal Pawn'. It is quite a funny video and made many an individual laugh his head off.
Lolita Richi is another new Human Barbie
Lolita Richi is another Human Barbie
First it was a Barbie Doll by the company called Mattel. And now the plastic sample has inspired a real life version once again. Another new Human Barbie is Lolita Richi who is just 16-year-old and claimed that she never ever had plastic surgery.
Jill and Derick Dillard Are Expecting a Baby
The happy couple, who are due in March, have been having fun sharing their news with their family.

About the Geek Mind

The “geek mind” is concerned with more than just the latest iPhone rumors, or which company will win the gaming console wars. I4U is concerned with more than just the latest photo shoot or other celebrity gossip.

The “geek mind” is concerned with life, in all its different forms and facets. The geek mind wants to know about societal and financial issues, both abroad and at home. If a Fortune 500 decides to raise their minimum wage, or any high priority news, the geek mind wants to know. The geek mind wants to know the top teams in the National Football League, or who’s likely to win the NBA Finals this coming year. The geek mind wants to know who the hottest new models are, or whether the newest blockbuster movie is worth seeing. The geek mind wants to know. The geek mind wants—needs—knowledge.

Read more about The Geek Mind.