This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Apple and China Mobile: A Match Made in Heaven?

China Telecom and China Unicom have had the iPhone 5 since mid-December but China Mobile has not been able to stem the market share decline with Apple's latest and greatest phone. If China Mobile were to sign a deal making the iPhone official on its network (there are reports of as many as 15 million iPhones on its network), this would be a huge deal for both companies.

On Apple's fiscal fourth-quarter earnings call, Cook noted Chinese revenue was up 26% year over year to $5.7 billion. The iPhone 5 has not officially been granted network access yet, but with deals with China Telecom, China Unicom and potentially China Mobile on the way it's widely expected this number will be much higher in the coming months.

Apple has done well in China, but perhaps not as well as some of its rivals, including Samsung, ZTE, and other device makers entrenched in the world's most populous nation. Completing a deal with China Mobile would allow Apple to grow its market share and presence around the world.

If Apple's Cook and China Mobile's Guohua are able to get a deal done in a relatively short time frame, this could be the news Apple bulls need to give shares the next leg higher.

Apple shares were higher in early Thursday trading, gaining 2.19% to $528.40.

-- Written by Chris Ciaccia in New York

>Contact by Email.

2 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $92.72 -0.56%
CHU $11.32 -2.08%
CHA $47.78 -0.42%
CHL $55.62 -1.49%
FB $119.49 1.43%


Chart of I:DJI
DOW 17,740.63 +79.92 0.45%
S&P 500 2,057.14 +6.51 0.32%
NASDAQ 4,736.1550 +19.0610 0.40%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs