China Mobile, Apple Still in iPhone Talks

Sina Tech, 2/06/09

A source at China Mobile (NYSE: CHL; 0941.HK) has revealed that talks with Apple over introducing the iPhone to the Chinese market have been ongoing for a year and a half, but had still not reached a satisfactory conclusion. Currently Apple has agreed to allow "naked" iPhones (i.e. phones that are not locked to a specific operator) to be sold on the Chinese market, and would then earn additional revenues from purchases made via its iTunes App Store. China Mobile chairman and CEO Wang Jianzhou has said however that such a strategy is flawed, pointing out that while Apple's iTunes store currently only accepts credit card payments, credit card usage by Chinese consumers remains relatively low.

Keywords: 0941.HK Apple China Mobile CHL credit card iPhone Wang Jianzhou wireless mobile phone smartphone

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