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Agreement Reached Between Apple and China Mobile According to WSJ

According to the Wall Street Journal, Apple Inc. (NASDAQ:AAPL) and China Mobile Ltd.(HKG:0941) have the signed the long awaited distribution deal. None of the parties to the deal have confirmed anything yet. However, the article cites an anonymous source close to the deal. In recent weeks, China Mobile has confirmed that it was in talks with Apple. The inclusion of Apple’s iPhones in China Mobile’s network would be huge for Apple. China Mobile has over 700 million subscribers. If this deal goes through, Apple at $600 would not be unthinkable. Imagine how many iPhones will be sold with an army of over 700 million subscribers. Here is a link to the article.