China Mobile's 600 million subscribers edge closer to iPhone availability
According to the Wall Street Journal, Apple and China Mobile are edging closer to a deal to make the iPhone available to the carrier's 600 million subscribers. Last month Apple's Tim Cook was spotted at CM's headquarters. According to the WSJ, pricing will be crucial. The iPhone currently sells in China for between 4,000 and 6,000 yuan (£385-£579), a massive chunk of China's average 12,076 yuan (£1,285) average household income. The deal could stimulate rumours that Apple is preparing to market a cheaper iPhone to reach the millions of consumers who are currently priced out.
Source: 9 to 5 Mac