From Reuters:
Apple Inc and China Mobile have called off talks to launch the U.S. firm’s popular iPhones in China, dashing investor speculation that the device will hit store shelves soon and sending China Mobile shares down.
Investors had cheered Apple possibly winning access to China Mobile’s 350 million subscribers — more than the population of the United States — and news of talks over the device’s potential launch in the world’s largest telecoms market helped Apple’s stock climb more than 10 percent on November 13. Shares in China Mobile, the world’s largest mobile phone operator, slid nearly 3 percent after Monday’s announcement to HK$130. [Full Text]
[Image: The new iPhone is seen inside the Apple Store in New York, June 29, 2007, by Shannon Stapleton from Reuters.]
