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Apple Possibly Nearing Deal with China’s Largest Network Provider

  +Follow July 31, 2013 1:10PM
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Apple Inc. (AAPL) CEO Tim Cook met on July 30 with the head of China Mobile Ltd. (CHL) , China’s largest mobile carrier, and by subscription numbers, the largest carrier in the world. Apple has so far failed to realize their potential in China, and is currently only the fifth largest cell maker there.

A major reason Apple has lagged so far in the world’s largest emerging market is that the tech company has failed to get China Mobile to carry iPads or iPhones. Mobile in China is growing at an exponential rate, and analysts expect the market there to triple to $30 billion by 2015.

While Apple still comfortably dominates much of the world, they get absolutely crushed in China. On July 26, analytic firm Strategy Analytics declared that Apple, for the first time since 2007, was no longer the world’s most profitable cell phone maker, losing out to South Korean rival Samsung. Samsung has 19 percent of the Chinese smartphone market, compared to Apple’s 9 percent.

China Mobile has so far held out on a deal with Apple for a couple of reasons. One, China Mobile has their own homegrown network that is not compatible with Apple. And two, China Mobile is reticent to offer the subsidies so common with iPhones when users sign contracts, subsidies Apple tends to insist carriers provide.

Despite these issues, Cook’s meeting with China Mobile Chairman Xi Guohua in Beijing illustrates that both parties are keen on finding a compromise. China Mobile is looking to upgrade their network, and it would signal an opportune time to make the network compatible with Apple.

That network – TD-SCDMA – is inferior to other major Chinese telecom technology, and China Mobile would like to upgrade it to compete with the other major Chinese telecom companies China Unicom and China Telecom. Both of those companies currently support Apple. The Chinese government will be issuing 4G licenses to Chinese telecom companies later this year.

Apple’s stock is down .48 percent to hit $451.14 a share, although it has rebounded nicely following a healthy earnings report on July 23, and is up over 7 percent since that date.

[Image via Flickr]

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Results for aapl
R Murray MD CFII
28 Apr 15 12:19:30
#Icahn says #Apple $AAPL still undervalued http://t.co/WJgeAlYg7x via @YahooFinance
Causal Nexus
28 Apr 15 12:19:26
$AAPL @jimcramer Hey Jimbo, what time is it? Oh, wait, your watch battery is probably dead by now.
The God of Trading
28 Apr 15 12:19:23
RT @SteadyOptions_: This article is still very much relevant - http://t.co/oac9ji1so6 Buying $AAPL options before earnings is, on average, …
tom lloyd sr
28 Apr 15 12:18:19
$AAPL at 131, enormous reversal day bearish short term signal, going down to test the 50 day at 127? typical selling on the news, overhyped
Mike Newton
28 Apr 15 12:18:15
RT @Carl_C_Icahn: $AAPL is still undervalued and misunderstood. Expect to put out another in-depth report within two weeks.
Sean D. Emory
28 Apr 15 12:18:05
High room for growth, quality balance sheet, cheap valuation, and strong chart makes a great investment. $study $spy $aapl
HOTTCELL
28 Apr 15 12:17:51
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Ravi Dawar
28 Apr 15 12:17:32
$AAPL http://t.co/rBp1L0zrjz
Warren Bevan
28 Apr 15 12:17:28
RT @HedgeMind: Carl Icahn owns 52,760,848 $AAPL shares, 18% of his ~$32bln portfolio. Not under owned by him http://t.co/SLLbgB0fzM https:/…
EZ-RESEARCH
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HedgeMind
28 Apr 15 12:16:52
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28 Apr 15 12:15:51
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28 Apr 15 12:15:43
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28 Apr 15 12:15:39
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Kevin Corke
28 Apr 15 12:15:28
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Karan
28 Apr 15 12:15:16
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S. Swift
28 Apr 15 12:15:08
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John Earl Burnett
28 Apr 15 12:14:40
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28 Apr 15 12:13:41
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Matthew Greco
28 Apr 15 12:13:23
RT @Carl_C_Icahn: $AAPL is still undervalued and misunderstood. Expect to put out another in-depth report within two weeks.
FortuneCookieStocks
28 Apr 15 12:13:20
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RT @iampennypicker: Looking at my $AAPL positions with disgust. I want to crawl under a hole lol
Jordan Weir
28 Apr 15 12:12:30
RT @Carl_C_Icahn: $AAPL is still undervalued and misunderstood. Expect to put out another in-depth report within two weeks.
Bellamy Parkhill
28 Apr 15 12:12:22
RT @Carl_C_Icahn: $AAPL is still undervalued and misunderstood. Expect to put out another in-depth report within two weeks.
BreakingStocksNews
28 Apr 15 12:12:05
$AAPL: Apple Sees Strong Trading Volume on Strong Earnings (AAPL): http://t.co/TXKCU6QGPa
S. Swift
28 Apr 15 12:11:55
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28 Apr 15 12:11:33
This article is still very much relevant - http://t.co/oac9ji1so6 Buying $AAPL options before earnings is, on average, a losing proposition
Malabar Hill Venture
28 Apr 15 12:11:16
RT @Carl_C_Icahn: $AAPL is still undervalued and misunderstood. Expect to put out another in-depth report within two weeks.
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28 Apr 15 12:11:06
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28 Apr 15 12:10:36
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28 Apr 15 12:10:10
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Determination is the wake-up $AAPL #stocks call to the human will. @rudibest @kimonolabs https://t.co/rfiWq3DqXh,
				
				
  +Follow July 31, 2013 1:10PM
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