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  • lakers_w lakers_w Sep 6, 2013 6:57 PM Flag

    China Mobile to Get Low-Cost iPhone, Says DJ

    Apple: China Mobile to Get Low-Cost iPhone, Says DJ
    By Tiernan Ray
    Shares of Apple (AAPL) a short while ago hit a high for the day of $499.38 following headlines from Dow Jones Newswires that China Mobile (CHL) is going to be receiving a lower-cost version of the iPhone.

    The low-cost iPhone has been rumored for quite some time, and speculation about a China Mobile deal is longstanding. Apple’s media event at its headquarters next Tuesday, September 10th, is expected to focus on new models of the iPhone. It is believed to be followed by an event in China just hours later.

    Update: The article, by Daisuke Wakabayashi, Lorraine Luk, Ian Sherr, and Paul Mozur, which cites multiple unnamed sources, states that “it isn’t clear if Apple and China Mobile have signed an official sales agreement, but he fact that Apple is planning to ship phones implies a deal has been struck.”

    “Apple has asked Foxconn, its longtime contract manufacturing partner, to add China Mobile to the list of carriers slated to receive a new low-cost iPhone, one of these people said,” the article relates.

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