Is Apple Inc. (NASDAQ:AAPL) forming an alliance with China Mobile?
Just-released report names Cannabis Stock of the Year for 2019! Their last pick has seen a +1,200% return since he released it!
This stock has all of the makings of the next great cannabis stock – early-mover advantage, international exposure and influential partnerships, plus it has a product that is unlike anything else on the market…
An interesting advertisement posted on Apple Inc. (NASDAQ:AAPL)’s China website announced that Apple is looking for an expert engineer with specialized knowledge of the Domestic Phone Network of China Mobile Ltd. (HKG:0941). According to the advertisement the position is open for a manager who will set offices in Beijing and be responsible for mobile phones carrier approval. Employers are also looking for a candidate who has a full command over TD-SCDMA – Third-Generation Standard that is exclusive only to China Mobile, other wireless systems, such as TD-LTE – 4G Standard along with in-depth knowledge of CDMA and WCDMA technologies that are widely used by China Telecom and China Unicom respectively.
Popularity of China Mobile is evident from the huge number of its users in the country – almost 63% of the total of 1.2 billion user of wireless. Despite this huge number, China Mobile is yet to sign an agreement to distribute iPhone within the county. The reason for this is that Apple has given the distribution rights to two relatively smaller operators, China Telecom Corporation Limited (HKG: 0728) and China Unicom (Hong Kong) Ltd. (762). However, if this news is true, China Mobile will soon be in the game.
According to an email, China Mobile confirms that it is indeed involved in negotiations with Apple; however, the company refrained from giving out any further details. When Apple spokeswoman based in Beijing, Carolyn Wu, was asked about the rumors she also did not give comments on the subject.
To get ahead of its competition Samsung and China Smartphone Manufacturers and tackle its slower profit growth, Apple is hoping to build an even wider user pool. For this reason, Tim Cook, CEO Apple has already had two visits to China this year. CEO Cook believes that China might prove to be an even more lucrative market for iPhone than the US.
Apple said that the new managerial hire will be responsible for managing all carriers’ technical interface in the region of Great China, which includes securing all types of Apple software and hardware approvals, facilitating technological experiments, troubleshooting, tracking road maps for the carrier and supervising all important meetings.
The current session values shares of Apple Inc. (NASDAQ:AAPL) at $479.61, which is a drop by -0.34%.