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Apple and China Mobile's cooperation talks beneficial for both companies
The recently-concluded talks between Apple CEO Tim Cook and China Mobile Chairman Xi Guonhua could be beneficial to both, Reuters said in a report. It could lead to a deal between the two companies which would drive profits by expanding the customer base of its products and improving Internet speeds. It could even attract more smartphone adopters when the Chinese government will begin issuing 4G licenses later in the year.
China Mobile informed Reuters through email that the talk "was to discuss matters of cooperation." The Chinese telecommunications company currently has the biggest subscriber base in the world. It is also the only mobile carrier in China that does not have Apple's products in its repertoire.
Last week, Apple reported a sales slump in the Greater China area, including Taiwan and Hong Kong. Between April and June, sales fell 43%. The Greater China made up 13% of Apple's quarterly sales which translates to USD 5 billion. In January to March, sales in the area accounted for 19% of the company's sales.
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