Apple (AAPL) Higher as China Mobile Deal Signed, Sealed, Delivered
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EPS Growth %: -0.7%
Overall Analyst Rating:
NEUTRAL (= Flat)
Dividend Yield: 0.5%
EPS Growth %: -0.7%
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It's been rumored for what seems like forever, but now new evidence points to an imminent Apple (NASDAQ: AAPL) iPhone deal with China Mobile (NYSE: CHL).
A webpage from China Mobile subsidiary, Suzhou, shows pre-orders being taken for Apple's Phone 5s and iPhone 5c. This webpage has since been taking down, but not before being grabbed and passed around online.
With 740 million subscribers, China Mobile is seen as a huge win for Apple. Analysts view the deal as a important component for the company's long-term growth.
In a recent note to clients, analyst Bill Shope of Goldman Sachs noted China Mobile plans to introduce fourth-generation mobile services on December 18th at the 4G global partners conference. This is likely when the Apple deal will be announced.
Shares of Apple are up 0.9% to $556 in pre-open trading Tuesday on the China Mobile leak and an upgrade to Buy at UBS.
A webpage from China Mobile subsidiary, Suzhou, shows pre-orders being taken for Apple's Phone 5s and iPhone 5c. This webpage has since been taking down, but not before being grabbed and passed around online.
With 740 million subscribers, China Mobile is seen as a huge win for Apple. Analysts view the deal as a important component for the company's long-term growth.
In a recent note to clients, analyst Bill Shope of Goldman Sachs noted China Mobile plans to introduce fourth-generation mobile services on December 18th at the 4G global partners conference. This is likely when the Apple deal will be announced.
Shares of Apple are up 0.9% to $556 in pre-open trading Tuesday on the China Mobile leak and an upgrade to Buy at UBS.
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