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Apple lands elusive deal with China Mobile

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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.

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