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China Mobile, Apple Finally Reach IPhone Deal

wochit technology
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December 23, 2013 AT 3:34 PM
After years of negotiations, Apple and China Mobile have finally announced their highly anticipated deal to sell the iPhone on the 3G and 4G networks of China’s dominant telco. Of course now the next big questions will be: How will China Mobile price the new iPhones, and how many units will it sell? Investors are clearly quite hopeful, with Apple’s shares rising 3.8 percent after the deal was finally announced. The deal makes China Mobile the last of China’s 3 major telcos to offer the iPhone.