Apple Inc. (AAPL) Beijing iPhone Media Event Suggests Deal with China Mobile
Apple Inc. (NASDAQ: AAPL) on Wednesday issued invites for a media event in Beijing scheduled to be held on September 11. AAPL is holding another event in Cupertino, Calif. on September 10 where Apple Inc. could announce the new iPhone 5S and iPhone 5C.
This is the first time Apple Inc. (NASDAQ: AAPL) is holding the special iPhone event in China [Google Translate] in addition to the main event in the United States. It is being speculated that the media event in Beijing could suggest a possible deal with China Mobile, world’s largest telecom operator in terms of subscribers.
China is an important market for Apple to further its growth in revenue and market share. Apple executives have been in talks with China Mobile since many years however, the terms could not be agreed upon. China Mobile on record had stated many times that they were interested in bringing the revolutionary iPhone to their network.
As Apple is about to introduce the low-cost iPhone 5C and new iPhone 5S in gold and graphite color, it’s possible that these new launches could be closely tied to the China Mobile launch. The tag line on Apple’s invites states, “This should brighten everyone’s day” and the availability in multiple colors on the worlds largest telecom operator and at lower cost certainly reflect the theme of the event.
Analysts in the past have noted that Apple could see huge boost in China with the introduction of a low-cost phone. If Apple’s iPhone becomes available on China Mobile it could be considered a huge win for Tim Cook.