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Apple Inc. Message Board

  • bugsy.siegel bugsy.siegel Jan 17, 2013 10:58 AM Flag

    Apple's Earnings Report: I believe this blogger Options2Wealth may be on to something (Part 2)

    In other words, when leaders representing important countries, or for that matter important companies, are in the midst of delicate negotiations that could have far reaching implications for their respective nations or businesses, they keep those discussions secret. They certainly don't want to embarrass themselves should their talks fail. So for someone as important as Tim Cook, whose stature in today's business world is no different than the stature(s) Henry Kissinger and Richard Nixon enjoyed 40 years year ago on the political stage, goes to China and then of his own free volition, leaks to the press that he met with the head of China's largest mobil telecommunications company, I cannot help but believe that he must have an agreement in his pocket for him to leak the news of his meeting with Chairman Guohua.

    If the above is not enough proof, in yet another interview, this time to China's Xinhua News Agency, Cook was quoted as saying, "China is currently our second largest market. I believe it will become our first. I believe strongly that it will."

    I also find it interesting that China Mobile's spokesman, when confronted with Cook's leak, admitted that his boss met with Apple's CEO. This spokesman then goes on to reveal that the 2 companies have signed a confidentiality agreement...hmmm...

    And, let's not forget, that on Thursday, January 11th, Apple stock was up more than $11 on more than 2 million shares traded in pre-market...That's more than $1 billion in buying! I am betting that the reason for that frenzied buying was that the news of an impending agreement between Apple and China Mobile had leaked out...

    I believe that Apple will announce the news of the agreement on Monday, January 21st along with their first quarter results.

    Sentiment: Hold

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    • no quarter results on Monday

    • I just read Options2Wealth's second post on this topic and he's spot on and also hilarious. He seems to be pretty big on PnF charting. I have always wanted to learn how to read those pesky Xs and Os. Gotta bookmark his blog

      Sentiment: Hold

    • And I guess it has nothing to do with the fact that China Mobile is hemorrhaging mobile customers to it's two largest competitors. The fact is that Cook has CM over a barrel and now it's time to negotiate.

      Sentiment: Strong Buy

      • 1 Reply to chin_music
      • Both firms need each other. CM is not hemorrhaging all customers to China Unicom and China Telecom, rather CM is only losing out on the higher-income customers who can afford to pay more for 3G and 4G service and IPHONE. But those are the more profitable customers, CM naturally doesn't wish to lose. Apple also needs CM lets not forget as Apple is losing market share in China to Samsung by Apple not having its products sold thru the largest carrier in China. So this is a "win win" deal for both Apple and CM to work Cooperatively together, both will profit. And it makes sense Apple would make a new lower cost phone to run on CM's proprietary network, and in return CM would commit to buy a very large quantity of these phones... and Apple would use its huge overseas cash-reserves to offer financing at low rates to CM's customers for these contracts. It all makes sense and all should do well from it.

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