Apple forced to play ball with China Mobile |
| Published: September 8, 2008, 8:43 am |
| Tags: aapl, apple inc, appleinc, china, china mobile limited, chinamobilelimited, chl, iphone, smartphones |
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Filed under: Deals, Competitive strategy, Apple Inc (AAPL), China, iPhone, China Mobile Limited (CHL)While Apple Inc. (NASDAQ: AAPL) has had relatively smooth going in Europe introducing the iPhone, things are apparently less so in China (and Russia) where it is being reported: China Mobile to Buy Out iPhone in China. The negotiations between China Mobile Ltd (NYSE: CHL) have led to many compromises on the part of Apple. To get the deal done it agreed to have no more sharing from toll revenues of cooperative carriers, and the Wi-Fi function of the multimedia smartphone is to be deleted. Although it has been widely reported the Chinese anxiously want to sell iPhones to their hundreds of millions of potential customers -- something Apple has been vigorously pursuing -- it took several rounds of negotiations after which Apple got the short end of the stick. Just one more company bending to the will of the Chinese. I wonder how long it will be before they reverse engineer the phone [ Full article ] |
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