Reuters is telling us that the Apple deal with China Mobile for the iPhone is a done deal: unfortunately they’ve not got one detail in this quite right. They, along with a lot of other commentators, are thinking that the success of the deal, or at least how quickly it will make a difference to Apple, will depend upon the rollout of the company’s 4G network. And that’s not really quite true:
For all the hype, Apple Inc’s long-awaited iPhone agreement with China Mobile Ltd may deliver little more than a fleeting revenue jolt for the U.S. giant.
Read more...A deal with the world’s largest mobile carrier, expected as early as this week, nets Apple 759 million potential new customers that could generate $3 billion in 2014 revenue, or nearly one-quarter of Apple’s projected revenue growth in its current fiscal year.
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