No deal yet.
Reuters quotes China Mobile spokeswoman Rainie Lei, who said, "We are still negotiating with Apple, but for now we have nothing new to announce."
Six years of ongoing unsuccessful negotiations between China Mobile and Apple ......
Therefore, the market assumes the deal won't happen. Remember, Wall Street blindly looks at the past to predict that the future will be exactly like the past (i.e., No Deal).
Thus, a potential China Mobile-Apple deal is not factored into Apple's stock price.
Like I said before..Devil in the details. News will come and you and I will know when it is priced in
It has to make sense for AAPL. If not they should GTFO.