Apple, China Mobile end iPhone Talks: Spokeswoman

Posted on Mon, 14 Jan 2008 02:08:54 CST | by Luigi Lugmayr

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Apple, China Mobile end iPhone Talks: Spokeswoman

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HONG KONG (Reuters) - Apple Inc and China Mobile have called off talks to launch the U.S. firm's popular iPhones in China, a spokeswoman for the Chinese company said on Monday, further dashing speculation the device will hit the country's store shelves soon.

A spokeswoman for listed China Mobile, the world's largest cellular operator, said its unlisted parent of the same name had "terminated" discussions with Apple, although she would not say why.

Experts said Apple's iPhone faced a spate of technical and fee issues unique to China, including a standard revenue-sharing agreement that China Mobile disliked.

News that the two firms were in talks over the device's potential launch in the world's largest telecoms arena had helped Apple's stock climb more than 10 percent on November 13.

(Reporting by Vinicy Chan; Editing by Anne Marie Roantree)
© Copyright 2007 Reuters.


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Posted on Mon, 14 Jan 2008 02:08:54 CST | by Luigi Lugmayr

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