TribLIVE

| Business


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

Apple lands elusive deal with China Mobile

Daily Photo Galleries

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.

 

 
 


Show commenting policy

Most-Read Business Headlines

  1. UPMC earnings turn positive, but pressures mount
  2. Worker satisfaction with job security at a new high
  3. Target cuts annual profit outlook
  4. Discretionary purchases take off as consumer confidence shows strength
  5. Energy sector powers Pa. pace
  6. EDMC to cut costs, roll out new grant
  7. Obama weighs broader move on immigration solutions
  8. Barnes & Noble, Samsung offer  co-branded tablet
  9. Berkshire socked with $896K penalty
  10. Stocks shake off Fed’s talk of stepping up interest rate hike
  11. North Shore company ActivAided’s specialty back brace racks up sales
Subscribe today! Click here for our subscription offers.