Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.



China Mobile and Apple, Together at Last

There were conflicting reports this week about Apple  (NASDAQ: AAPL  ) and China Mobile  (NYSE: CHL  ) . The venerable Wall Street Journal reported that the deal was done, while Reuters is of the opinion that negotiations are still under way after contacting a China Mobile spokesperson. Still, it does seem that this deal is either inked or about to be inked, so investors can rest easy.
While Apple faced challenges at domestic carriers where it took longer to officially launch the iPhone, the Chinese smartphone market is still characterized by a large number of first-time smartphone buyers. Apple still has plenty of opportunity at the world's largest wireless carrier in the biggest smartphone market, since 3G penetration within China Mobile's subscriber base remains just 23%.
In this segment of Tech Teardown, Erin Kennedy discusses the long-awaited deal with Evan Niu, CFA, our tech and telecom bureau chief.

Get our top tech picks for your portfolio
Our top technology analyst recently infiltrated one of Wall Street's most exclusive gatherings and left with three incredible investment opportunities, straight from the CEOs. These are profit-building strategies Main Street isn't meant to hear about -- so you must act now before someone shuts us up. Click if you want "industry insider" earnings -- now!

Read/Post Comments (2) | Recommend This Article (4)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

  • Report this Comment On December 06, 2013, at 10:25 PM, DanManners wrote:

    Evan, you are the best one on Fool and I respect your views. But I am confused. WSJ says deal and China Mobile says no deal. Wouldn't WSJ have to address that issue?

  • Report this Comment On December 07, 2013, at 3:05 AM, johnestromjr wrote:

    No, Evan,we can't 'rest easy' until there IS a deal. As of now there is no deal. Why do all of you pundits try to be first when you don't know a thing more than we who are reading your posts? There IS no deal yet. When there IS a deal, Apple and China Mobile will announce it. THEN you can tell us there's a deal. Until then this is just so much hot air and meaningless. There IS supposed to be some kind of China Mobile event on December 18th. Let's hope it's the announcement between China Mobile and Apple. I'll wait until they announce though.

Add your comment.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2755716, ~/Articles/ArticleHandler.aspx, 9/27/2016 11:39:46 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated Moments ago Sponsored by:
DOW 18,145.85 51.02 0.28%
S&P 500 2,152.22 6.12 0.29%
NASD 5,281.65 24.16 0.46%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

9/27/2016 11:24 AM
AAPL $112.58 Down -0.30 -0.27%
Apple CAPS Rating: ****
CHL $61.18 Up +0.03 +0.05%
China Mobile CAPS Rating: ****