Cook’s Tour Might Finally Bring iPhone to China
Apple COO Tim Cook’s visit to China Mobile yesterday has sparked all manner of speculation that the long-in-the-offing iPhone deal between the two companies is imminent. In a research note today, Ticonderoga Securities analyst Brian White said he doubts Cook would have traveled all the way to China to visit China Mobile if the two companies weren’t close to a partnership.
If that’s the case, it’s great news for Apple, as a deal with China Mobile would greatly accelerate iPhone adoption. Said White, “This would represent a landmark agreement for Apple, providing the company with access to the largest wireless carrier in the world, with 611 million wireless subscribers at the end of May or 68 percent of the total China wireless market.”
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