Shares of Apple (AAPL +0.38%) are up about 1% today on the news that the company has finally reached an agreement with China Mobile (CHL +0.00%). According to Motley Fool analyst Jason Moser, Apple has been pushing for this deal for a while, since it will provide the company with a subscriber base of nearly 760 million new customers. However, Jason notes that those new customers have considerably less spending power than Apple's customers in the United States, which means that Chinese buyers will be more sensitive to phone prices, and may not respond well to the constant replacement cycle that Apple pushes.
Is Apple's Agreement With China Mobile the Deal of the Century?
By Mark Reeth and Jason Moser – Dec 5, 2013 at 2:45PM
NASDAQ: AAPL
Apple
Market Cap
$3.8T
Today's Change
(0.38%) $0.99
Current Price
$259.44
Price as of October 23, 2025 at 3:58 PM ET
Apple is up today on the news that it has finally reached an agreement with China Mobile.
About the Author
Mark Reeth wasn't born incredibly handsome, like so many are--he had to work hard to get to where he is today. Thankfully, through much blood, sweat, and hair products, Mark Reeth is now one incredibly good-looking Consumer Goods Editor. But Mark Reeth wasn't born a Consumer Goods Editor--he started as a writer for Fool.com, became a Blog Editor, and now loves reading all the latest Consumer Goods news. If you want to read all the latest Consumer Goods news, follow him on Twitter @ChristmasReeth.