China Mobile has added one million new Apple Inc. (NASDAQ:AAPL) iPhone users in the month of February after it started to offer the smartphone in mid January, according to China Mobile CEO Li Yue. Unfortunately, China Mobile announced its first decline in annual earnings in over a decade. China Mobile has been increasing network investments and handset subsidies to fight competition. Apple and China Mobile are excited about their bet in bringing the iPhone to the world’s largest carrier based on the number of subscribers.
China Mobile Posts
Apple Inc. (NASDAQ:AAPL) has a deal in place with China Mobile, the largest wireless carrier. The deal is already showing signs of success. In an interview, China Mobile Chairman Xi Guohua said that “multi-millions” of iPhones have been ordered by customers ahead of the launch on Friday.
Apple Inc. (NASDAQ:AAPL) confirmed a partnership with China Mobile last month. China Mobile and Apple have wrapped up the negotiations and now the iPhone 5s and iPhone 5c will start selling on January 17th. China Mobile is the largest telecommunications company in the world based on the number of subscribers being at 750 million. There is now a rumor floating around that Foxconn has delivered 1.4 million iPhone 5s units to China Mobile last week as part of the launch. Foxconn is Apple’s primary manufacturer of the iPhone. Analysts are predicting that Apple could sell up to 20 million units on China Mobile alone in 2014. China Mobile is taking pre-orders for the new iPhones now so the company has a rough idea of what to expect in sales.
China Mobile has received 100,000 in pre-orders for the Apple Inc.(NASDAQ:AAPL) iPhone 5s and iPhone 5c in two years according Brian Blair, an analyst with Wedge Partners. Apple and China Mobile announced a partnership on December 22nd. China Mobile said that they would be offering the two new iPhones on January 17th. Although 100,000 pre-orders sounds like a respectable number, Blair and other analysts were expecting the numbers to be higher.
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Apple Inc. (NASDAQ:AAPL) has confirmed today that China Mobile will officially sell the iPhone 5s and iPhone 5c on their network starting January 17th. Pre-registrations for the phone starts this Wednesday and pricing information will be provided later.
China Mobile will soon start Apple Inc. (NASDAQ:AAPL) iPhone orders. According to a screenshot spotted by The Wall Street Journal, China Mobile will start taking pre-orders for the Apple iPhone and other 4G phones this week on December 12th. The Wall Street Journal verified these details in a call to China Mobile.
According to Piper Jaffray analyst Gene Munster, Apple could sell 17 million in additional iPhones through 2014 as part of a deal with China Mobile.
China Mobile Ltd. (HKG:0941) users will be able to connect to 4G LTE starting December 18th, according to Xinhua. China Unicom and China Telecom are expected to get 4G LTE shortly after that. The 4G LTE network will be launching in Beijing, Guangzhou, and Chongqing first. Shanghai is still building their city-wide 4G network.