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Thursday, December 5, 2013

China Mobile still talking to Apple on iPhones, (NASDAQ: AAPL)

China Mobile Ltd, the country's largest mobile operator, said it is still negotiating with Apple Inc to offer iPhones on its network, commenting on a media report saying that a long-awaited agreement had been reached.Earlier in the day, the Wall Street Journal reported that the two giants had signed a deal, citing an anonymous source familiar with the matter."We are still negotiating with Apple, but for now we have nothing new to announce," China Mobile spokeswoman Rainie Lei said, declining to elaborate. Apple also declined comment.China Mobile is one of the world's last major carriers and the only mobile operator in China not offering the iPhone.

Apple Inc. (Apple) designs, manufactures and markets mobile communication and media devices, personal computers, and portable digital music players, and a variety of related software, services, peripherals, networking solutions, and third-party digital content and applications. Shares of AAPL remained unchanged at $565.00. In the past year, the shares have traded as low as $385.10 and as high as $569.19. On average, 12454100 shares of AAPL exchange hands on a given day and today's volume is recorded at 156822.