Apple Jumps on iPhone Talk

Apple (AAPL Quote) shares jumped on a report that the iPhone has cracked the European market.

Confirming speculation last month, FT Deutschland, the German counterpart of the Financial Times, reported Wednesday that Apple has signed exclusive supply contracts with Telefonica's (TEF Quote) U.K. unit O2, Deutsche Telekom's (DT Quote) T-Mobile in Germany and France Telecom's (FTE Quote) Orange.

Apple will get 10% of the monthly proceeds from calls and mobile data charges accrued by users in a revenue-sharing deal, according to the report.

Analysts say the deal sounds similar to the agreement between Apple and AT&T (T Quote) here in the U.S. That five-year exclusive contract requires AT&T to share revenue over the customer's two-year pact. AT&T also pays Apple a bounty of about $200 for each new customer. ...