Apple (AAPL) Near-Term iPhone Ests Could Be High as China Mobile (CHL) Deal Remains Elusive
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Apple (AAPL), China Mobile (CHL) Officially Enter Agreement for iPhone
December 22, 2013 5:48 PM ESTApple (Nasdaq: AAPL) and China Mobile (NYSE: CHL) announced they have entered into a multi-year agreement to bring iPhone to the world's largest mobile network. As part of the agreement, iPhone 5s and iPhone 5c will be available from China Mobile's expansive network of retail stores as well as Apple retail stores across mainland China beginning on Friday, January 17, 2014. iPhone 5s, the most forward-thinking smartphone in the world and iPhone 5c, the most colorful iPhone yet, will be available for pre-registration from China Mobile's official website (www.10086.cn) and customer service hotline... More
Apple (AAPL) Slapped on a Double Dose of Negative News
December 18, 2013 7:20 AM EST(Updated - December 18, 2013 8:34 AM EST)
Shares of Apple (NASDAQ: AAPL) are weaker in pre-open trade Wednesday as two items weigh. First, supplier Jabil (NYSE: JBL) posted a weak quarter and outlook and its shares are getting crushed to the tune of 19%. Second, a China Mobile (NYSE: CHL) deal has not been announced as expected.
On Jabil, the contract manufacturer reported Q1 EPS of $0.51, $0.04 worse than the analyst estimate of $0.55. Revenue for the quarter came in at $4.6 billion versus the... More
