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Apple, China Mobile: Closer Than Ever

Cook reiterated on the earnings call that China is incredibly important to Apple, despite the troublesome numbers from the most recent quarter. "And so I continue to believe that in the arc of time here, China is a huge opportunity for Apple and I don't get discouraged over a 90-day cycle that can have economic factors and other things in it," he said.

Ultimately getting a deal with China Mobile for the iPhone and perhaps the low-end iPhone, currently dubbed the iPhone 5C, would be a huge boon for Apple, as a deal is not currently baked into analysts models. Right now, Apple is expected to generate $35.96 billion in revenue for the fical fourth-quarter which ends in Sept,. and $54.76 billion in the fiscal first-quarter, Apple's all-important holiday season.

In the past, Apple has been able to get the latest iPhone over to China in December. Should Apple announce the iPhone 5S and iPhone 5C in Sept. as many are expecting, I would expect this trend to continue, and analysts' estimates will have to be raised.

Judging by Guohua's comments, it sounds like a deal between the two companies is closer than ever. That's good news for Apple shareholders, who desperately need some these days, not named Carl Icahn.

-- Written by Chris Ciaccia in New York

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