A Holiday Gift for Apple Shareholders
By TERESA RIVAS | MORE ARTICLES BY AUTHOR
A deal that will open up the vast China market to iPhones should help the stock for years to come.
Apple investors got an early Christmas present after the tech giant inked an agreement over the weekend to supply iPhones to the world’s largest mobile network. Yet we think Apple stock is the gift that will keep on giving in 2014.
Late Sunday, Apple (ticker: AAPL) announced that it had reached a multiyear agreement with China Mobile (CHL) to supply it with its iPhone 5s and iPhone 5c. The deal, half a year in the making, will put iPhones in both Apple and China Mobile retail stores throughout China starting January 17, although China Mobile will start accepting preorders later this week. The companies haven’t disclosed pricing yet.
via Deal with China Mobile Should Boost Apple Stock – Barrons.com.