Image via Wikipedia TechCrunch reports on news that despite previous trade problems between Apple and China Mobile, the iPhone may be going to China. The potential market is huge with most of the 200 million internet users in China getting access from their cell phone. The news comes from an insider rumor published by it.hexun.com and translated by Marbridge Consulting.
A source inside the Ministry of Industry and Information Technology (MIIT) revealed yesterday that China Mobile (NYSE: CHL; 0941.HK) had reached a basic agreement with Apple to cooperate on bringing the iPhone to China without the revenue-sharing agreements Apple has in place with other carriers. Instead, China Mobile will procure the handsets for their full price, and then on-sell subsidized handsets to consumers. The source explained that China Mobile could buy a 3G iPhone from Apple for USD 299 – an example price – and then sell the handset to users for USD 199, treating the additional USD 100 as compensation to Apple.
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