The stars may finally be aligning for a long-awaited deal between Apple and China Mobile that could help the iPhone maker claw back lost ground in its most important growth markets.
China Mobile hopes to tap pent-up demand for Apple smartphones by rolling out new 4G technology this year and having an iPhone model that will finally run on it.
Asian shares ended mixed on Friday, dragged lower by a drop in regional technology stocks, although gains in Australia and Japan contained overall losses for equities.
Apple's Chief Executive Tim Cook met with China Mobile's Chairman Xi Guohua to discuss "matters of cooperation," a China Mobile spokesman said.
Apple's Chief Executive Tim Cook is meeting with partners and government officials in China on his second visit in less than a year.
Apple has sold more than two million iPhone 5 smartphones in China in the first weekend since the phone's launch on Friday.
Apple launched its iPhone 5 in China, even as its ranking in the world's largest smartphone market has slipped in the face of competition from cheaper rivals.
The China release of its iPhone 5 on Friday should win Apple some traction in the world's biggest smartphone market, but its longer-term hopes may depend on new technology being tested by China's top telecoms carrier.
Apple's iPhone 5 will be available for sale in China on Dec. 14.
SHANGHAI, March 29- Apple Inc's Tim Cook, on his first trip to China as the chief executive officer, has visited an iPhone production plant run by the Foxconn Technology Group, which is being accused of improper labour practices.
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*China telecoms, AIA outperform, oil plays weak. Hong Kong, Oct 3- Hong Kong shares rose on Wednesday as strength in insurer AIA and telecom stocks helped to offset weakness in oil producers, which fell as crude prices skidded on worries over weak global growth.
*HSI flat, H-shares index down 0.1 percent* China telecoms, AIA lead gains in HK* IATA profit forecast lifts Cathay Pacific* ADB cuts China GDP forecast, sees soft landing By Vikram Subhedar.
CHICAGO, Oct 1- As global economies from Beijing to Berlin struggle to keep their heads above water, a new wave of stimulus spending is under way.
Michael Meng, Head of Equity Research Hong Kong at BOCI Research says China Mobile suffers from structural problems and is cautious on its stock. He gives his target price for the company, and explains his buy calls on China Telecom and China Unicom.
China Telecom has signed a deal with Apple to sell iPhones in China, a move expected to boost sales for the U.S. company in a market where it has been struggling in recent months.
Chinese Internet IPOs like to analogize themselves to successful U.S. companies, but that doesn't make it true.