Apple reaches iPhone Agreement with China Mobile
Landmark deal set to propel Cupertino's SE Asia firtunes
Following what seems like an eternity of negotiations, China Mobile and Apple have confirmed a multi-year agreement to bring the iPhone to the world's largest mobile network.
As part of the agreement, iPhone 5s and iPhone 5c will be available from China Mobile's retail stores as well as well as local Apple Stores on mainnland China beginning on January 17 2014. Both the iPhone 5s and iPhone 5c will be available for pre-order from China Mobile's official website from Christmas Day.
"Apple's iPhone is very much loved by millions of customers around the world. We know there are many China Mobile customers and potential new customers who are anxiously awaiting the incredible combination of iPhone on China Mobile's leading network. We are delighted that iPhone on China Mobile will support our 4G/TD-LTE and 3G/TD-SCDMA networks, providing customers with high-speed mobile service," said Xi Guohua, China Mobile Chairman.
iPhone 5s and 5c to become available on Xmas DayThis is obviously a very big deal for both parties and Apple’s shareholders will no doubt enter in to the festive period feeling that bit more flush. Contrary to its successes elsewhere, Apple has struggled slightly in SE Asia and ranks behind local brands in terms of sales.
With 763.3 million total subscribers, China Mobile obviously represents an excellent opportunity for Cupertino and the market is set to grow and grow.
"Apple has enormous respect for China Mobile and we are excited to begin working together. China is an extremely important market for Apple and our partnership with China Mobile presents us the opportunity to bring iPhone to the customers of the world's largest network," said Tim Cook, Apple CEO. "iPhone customers in China are an enthusiastic and rapidly growing group, and we can't think of a better way to welcome in the Chinese New Year than getting an iPhone into the hands of every China Mobile customer who wants one."China Mobile has over 763 million subscribers and it's set to grow rapidly, yet.China Mobile now has over 1.2 million 2G/GSM, 3G/TD-SCDMA, 4G/TD-LTE base stations and over 4.2 million Wi-Fi access points is rolling out the world's largest 4G network. By the end of 2013, China Mobile's 4G services will be available in 16 cities and they plan to complete the rollout of more than 500,000 4G base stations, which will cover more than 340 cities with 4G services.
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