Analysts of UBS boosted their sales projections for Apple and increased their price target to USD560 per share.
Tags: China mobile
China Telecom, China Mobile Face US Government Investigations Over Data Misuse Concerns
The United States (US) is investigating China Mobile, China Telecom, and China Unicom over data misuse concerns.
Pilot scheme to open and improve mobile telecoms market gets approval in China
A total of 11 companies, including a subsidiary of online retail giant Alibaba obtained approval from Chinese authorities to be able to purchase mobile services from major providers and repackage them to offer to end users, the Ministry of Industry and Information Technology (MIIT) said on Thursday.
Apple and China Mobile signs a distribution deal which could be worth billions of dollars in extra iPhone revenues
Apple and China Mobile have finally signed a distribution deal which could be worth billions of dollars in extra iPhone revenues, the Financial Times reported.
China Mobile will get 4G LTE first in China, to boost sales for Apple
According to Xinhua, China Mobile will be the first carrier to provide 4G LTE in China starting Dec 18th. It would certainly boost Apple, of which the latter is eager to regain a significant market share that was lost to Android, said TechCrunch.
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Analysts said the release of new iPhone and the 4G license grant for China Mobile might mean Apple and China Mobile's deal is looming.
Canalys told Bloomberg that Apple's market share in China plunged to just 5% during the second quarter, down from last year's 9%.
Reuters said that Apple CEO Tim Cook and China Mobile chairman Xi Guohua recently met to talk about "matters of cooperation."
Analysts said that China Mobile would play a huge part in China's explosive mobile growth which would allow investors to continuously gain profit.
According to reports from Reuters and Bloomberg, Tim Cook made the rounds in China as Apple looked for ventures in the local market.
The recently-held talks between Apple and China Mobile could benefit both companies. The recently-concluded talks between Apple CEO Tim Cook and China Mobile Chairman Xi Guonhua could be beneficial to both, Reuters said in a report.
The heads of Apple and China Mobile came together to discuss a possible cooperation. Tim Cook, Apple's CEO, met with China Mobile Ltd. Chairman Xi Guohua in Beijing Tuesday.
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