Apple late yesterday signed a deal with China Mobile, the world’s largest cell phone carrier. The deal has been rumored for months. The carrier has about 760 million customers – more than AT&T, Verizon, Sprint, and T-Mobile combined. China Mobile iPhone activations are expected to raise apple’s income by at least 5% in 2014.
As China Mobile begins to release 4G to its customers it will now be able to sell 4G enabled iPhones at its stores.
While the iPhone is popular in China, it is an expensive, premium phone. As a result, many lower-income individuals may not have the opportunity to purchase the phone.
As Apple ventures into new areas, one might ask, “where next?” Only time can tell…