TribLIVE

| Business


 
Larger text Larger text Smaller text Smaller text | Order Photo Reprints

Apple lands elusive deal with China Mobile

On the Grid

From the shale fields to the cooling towers, Trib Total Media covers the energy industry in Western Pennsylvania and beyond. For the latest news and views on gas, coal, electricity and more, check out On the Grid today.

By Bloomberg News
Tuesday, Dec. 24, 2013, 12:01 a.m.
 

Apple Inc., ending six years of negotiations, struck a deal to sell the iPhone through China Mobile Ltd.

China Mobile will sell the iPhone 5s and 5c models in its retail stores starting on Jan. 17, the companies said in a statement that did not provide financial terms. The phones for China Mobile's network will be available in Apple's retail stores in China under the multiyear accord.

The agreement means Apple has access to all carriers in the world's biggest handset market, where Samsung Electronics Co. leads and smartphones using Google Inc.'s Android operating system dominate sales.

China Mobile has 763 million users.

Apple's stock rose 3.8 percent to close at $570.09 on Monday.

Subscribe today! Click here for our subscription offers.

 

 
 


Show commenting policy

Most-Read Business Headlines

  1. Few in Westmoreland County opposed to expansion plan for Mariner pipeline
  2. Rue21 plays to tough teen crowd with new store in Cranberry
  3. Mud serves as multipurpose tool in $100B shale industry
  4. Oilfield employee cutbacks may benefit long-haul trucking
  5. Wolf tax proposal puts Beaver County Shell plant at risk, gas group head says
  6. Western Pa. builders earn top honors for work
  7. Refinery turbulence drives up pump prices
  8. Oil stocks drag on Dow, S&P 500; Nasdaq moves closer to record
  9. Whistle-blower incentives advance
  10. Make me a match: Fidelity to match some IRA contributions
  11. Rocket firm hired to probe deadly air bags