Apple ( AAPL) Prepares to Ship iPhones to China Mobile (CHL)
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(Updated - September 6, 2013 4:05 PM EDT)
Apple, Inc. (Nasdaq: AAPL) is said to be preparing to ship its next-generation iPhone line to China Mobile (NYSE: CHL), according to today the WSJ.
Apple is planning the lower-cost model for China Mobile, though it wasn't made clear whether or not the two companies signed an official sales agreement.
The WSJ affirms from sources that the deal is real.
Apple's sales in Greater China fell 14 percent in its most recent quarter to $4.6 billion, while its China mobile market share is sitting at 5 percent, putting Apple in seventh-place behind leader Samsung.
Apple ended Friday's session up 0.6 percent.
Apple, Inc. (Nasdaq: AAPL) is said to be preparing to ship its next-generation iPhone line to China Mobile (NYSE: CHL), according to today the WSJ.
Apple is planning the lower-cost model for China Mobile, though it wasn't made clear whether or not the two companies signed an official sales agreement.
The WSJ affirms from sources that the deal is real.
Apple's sales in Greater China fell 14 percent in its most recent quarter to $4.6 billion, while its China mobile market share is sitting at 5 percent, putting Apple in seventh-place behind leader Samsung.
Apple ended Friday's session up 0.6 percent.
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