And they HAVE the China Mobile deal....along with building the 4LTE infrastructure in China!
You CAN'T believe the "Seeking Alpha" articles. Trust me.
They are still pumping Apple stock.
They should be called "Seeking Fools"
China Moblie's Market Share Falling:
It's Time For An iPhone Deal Ahead Of 4G Launch
The market share statistics reveal that Mobile is missing out because it can't offer the iPhone. The launch of the iPhone 5 in December saw two million units sold over the first weekend. None of them, officially at least, are on the China Mobile system.
Things are not likely to stay the same, however. China Mobile Chairman Xi Guohua this week announced plans to roll out its 4G LTE network to 100 cities with a total population of 500 million by the end of this year. Four handset makers have already committed to supply equipment: LG, HTC, Huawei and ZTE. Media reports suggest Samsung is also on board. Adding a deal with Apple would provide the final element for China Mobile's re-launch.
Apple CEO Tim Cook met Mr Xi in China last month. Under pressure himself to show where Apple's future growth will come from, he has every incentive to conclude an iPhone deal with China Mobile.
I estimate China Mobile's 2013 PER at about 11x (and clearly in single digits if adjusted for net cash close to $60 billion as at June 2012), with a secure dividend yield of 4%. Those valuations already price in what are seen as lacklustre prospects, providing scope for interesting gains when the Apple deal is finally announced.