Apple (AAPL) Trims iPhone 5s, 5c Prices in China Ahead of China Mobile (CHL) Launch
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Overall Analyst Rating:
NEUTRAL (= Flat)
Dividend Yield: 0.5%
EPS Growth %: -0.7%
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Apple, Inc. (Nasdaq: AAPL) has trimming the price of its iPhone handsets in China ahead of the launch of the device on China Mobile's (Nasdaq: CHL) network.
According to Apple's China website, the company cut 350 yuan off of its devices to 4,938 yuan for the iPhone 5s and 4,138 yuan for the iPhone 5c.
Apple also cut HK$390 from its iPhone 5s and 5c in Hong Kong, to HK$5,198 and HK$4,298 each, respectively, according to its official website.
Apple and China Mobile entered an agreement last month covering the newest iPhone models. China Mobile began taking pre-orders shortly thereafter and is expected to launch the device on January 17, 2014.
Shares of Apple are positive early Friday.
According to Apple's China website, the company cut 350 yuan off of its devices to 4,938 yuan for the iPhone 5s and 4,138 yuan for the iPhone 5c.
Apple also cut HK$390 from its iPhone 5s and 5c in Hong Kong, to HK$5,198 and HK$4,298 each, respectively, according to its official website.
Apple and China Mobile entered an agreement last month covering the newest iPhone models. China Mobile began taking pre-orders shortly thereafter and is expected to launch the device on January 17, 2014.
Shares of Apple are positive early Friday.
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