Backman
15-11-2007, 10:37 AM
Apple's iPhone is unlikely to hit Chinese shelves soon because of technical and fee issues, industry executives said on Wednesday, a day after shares in the company's stock price shot up on hopes of a deal with China Mobile.
Shares in Apple rose more than 10 per cent on Tuesday -- snapping a four-day losing streak -- after China Mobile Chief Executive Wang Jiangzhou said his firm was in talks about a possible alliance. China Mobile stock also jumped 9 per cent on Wednesday.
Wang brushed off suggestions an agreement might come soon when he spoke to reporters on the sidelines of a conference in Macau on Tuesday. And a senior telecommunications executive familiar with the situation told Reuters on Wednesday that Wang's comments had been blown out of proportion.
More (http://news.cnet.co.uk/mobiles/0,39029678,49294228,00.htm)
Shares in Apple rose more than 10 per cent on Tuesday -- snapping a four-day losing streak -- after China Mobile Chief Executive Wang Jiangzhou said his firm was in talks about a possible alliance. China Mobile stock also jumped 9 per cent on Wednesday.
Wang brushed off suggestions an agreement might come soon when he spoke to reporters on the sidelines of a conference in Macau on Tuesday. And a senior telecommunications executive familiar with the situation told Reuters on Wednesday that Wang's comments had been blown out of proportion.
More (http://news.cnet.co.uk/mobiles/0,39029678,49294228,00.htm)