‘China Mobile in talks with Apple’
IOL Business/ Reuters - Dec 20th, 08:04
Taipei - China Mobile Ltd said it's still in talks with Apple Inc to sell iPhones amid mounting industry speculation that the pair are about to announce a deal to net the technology giant hundreds of millions of potential new customers.
Xi Guohua, the chairman of the world's largest mobile phone carrier, said on Wednesday morning that his company had no announcement to make on any deal to carry Apple's smartphones.
Xi was speaking to reporters on the sidelines of a conference in Guangzhou, a southern city of China.
A tie-up between the pair in the US company's second-largest market after its home turf has been expected for some time and would boost Apple in its global rivalry with South Korea's Samsung Electronics Co Ltd.
The Wall Street Journal reported earlier this month that an announcement would be made “around December 18”.
Xi's comment on Wednesday that talks were continuing was first reported by local media and later confirmed by company spokesman Ge Qi.
A deal with China Mobile could potentially be worth billions of dollars in revenue for Apple.
Up to 759 million potential new China Mobile customers could gain access to iPhones, generating up to $3 billion in extra 2014 revenue - nearly a quarter of Apple's projected revenue growth in its current fiscal year.
But after an expected initial surge, Apple is likely to find itself back in a battle with its main smartphone rival, South Korea's Samsung Electronics Co Ltd.
Xi also told the conference China Mobile aims to sell between 190 to 220 million handsets next year.
He said the company plans to step up subsidies to cover the cost of handset sales after spending 27 billion yuan ($4.5 billion) in 2013, according to the company's official account on the Sina Weibo microblogging service.: © Independent On-line 2013. All rights reserved.
BlackBerry here to stay, says new CEO
04/12/2013 - 08:48
Ottawa - BlackBerry's new chief executive cast off persistent talk of the smartphone maker's demise, vowing on Monday that the company would pick itself back up and was "here to stay".
Samsung shares rise
25/11/2013 - 08:41
Seoul - South Korean markets took in stride a US federal jury's order for Samsung to pay $290 million in damages to Apple, with Samsung shares going up 0.69 percent on Friday.
Motorola plans comeback through low-cost phones
15/11/2013 - 08:16
Motorola is betting that low-cost smartphones can provide the spark to rekindle its struggling business, even as the company’s ownership by Google Inc will force it to sit out of China, the world’s largest smartphone market.
BlackBerry board not keen on break-up
12/11/2013 - 09:03
BlackBerry Ltd’s board does not believe a break-up of the Canadian smartphone maker is currently in its best interests, even though Microsoft Corp, Apple Inc and Lenovo Group Ltd, among others, have expressed interest in acquiring parts of the company, according to people familiar with the discussions.
Walmart to expand in China with 110 new stores
29/10/2013 - 08:31
Bentonville, Ark. – Wal-Mart Stores plans to open as many as 110 stores in China between 2014 and 2016, as well as several new Sam’s Club locations there. The new stores will employ as many as 19,000 people.