Erin Kennedy and Evan Niu, CFA, both own shares of Apple. The Motley Fool recommends Apple and owns shares of Apple and China Mobile. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Dec 6, 2013 at 8:30PM
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.
Evan is a Senior Technology Specialist at The Motley Fool. He was previously a Senior Trading Specialist at Charles Schwab, and worked briefly at Tesla. Evan graduated from the University of Texas at Austin, and is a CFA charterholder.
- Dec 6, 2013 at 8:30PM
- Technology and Telecom