Apple announced on Sunday night that it will release the iPhone 5s and iPhone 5c on China Mobile on Jan. 14, 2014. China Mobile customers will be able to pre-register for both phones on Dec. 25, 2013.
The deal will bring both of Apple's latest iPhones to the largest mobile carrier in the world. ""iPhone customers in China are an enthusiastic and rapidly growing group," Apple CEO Tim Cook said in the company's press release.
China Mobile currently has over 760 million customers, and is in the process of rolling out what it says will be China's largest 4G network. The 4G TD-LTE network will cover 16 cities by the end of 2013, including major cities such as Beijing, Shanghai. Shenzen, and Guangzhou.
TheStreet Ratings team rates APPLE INC as a Buy with a ratings score of A+. TheStreet Ratings Team has this to say about their recommendation:
"We rate APPLE INC (AAPL) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations, expanding profit margins and attractive valuation levels. We feel these strengths outweigh the fact that the company has had sub par growth in net income."