China Mobile Eyes iPhone Deal
The company is reportedly in talks with Apple.
Cell-phone company
China Mobile
(CHL) - Get China Mobile Ltd. Report
is reportedly in talks with
Apple
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TheStreet Recommends
(AAPL) - Get Apple Inc. Report
about a plan to sell the iPhone in China.
The
Associated Press
, citing China Mobile's CEO, said a deal hasn't been reached yet because the sides haven't agreed on a revenue-sharing arrangement. The report said the company's chief made the comments at a conference in Macau.
Shares of Apple were up 4.6% to $160.75 in premarket trading Tuesday. China Mobile was gaining 2.8% to $83.
