China Mobile iPhone launch could lead to subsidy wars, say analysts

Image: thenextweb.com

Image: thenextweb.com

Analysts say that the official launch of the iPhone on China Mobile could lead to subsidy wars as Chinese carriers compete to attract buyers. The predictions, quoted by Business Insider, follow price cuts by rival carriers China Unicom and China Telecom as China Mobile reports 1.2 million pre-orders.

China Mobile is currently offering the iPhone 5s free with a 24-month contract costing the equivalent of $98 a month. A 30-month contract on China Unicom costs $63 a month.

I do think you’re going to see a subsidy war coming,” said Michael Clendenin, managing director of Shanghai-based RedTech Advisors. “China Mobile, if they’re not making their targets on sales for these phones, they’re going to increase the subsidies [...] It’s like airlines: the other guys will fall like dominoes, so China Unicom will do it and China Telecom will do it” …  Read more

Apple CEO Cook hands out autographed iPhones at China Mobile launch, says ‘great things’ coming

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As planned, iPhone sales have started via China Mobile, the largest carrier in China, today. The official iPhone China Mobile deal, which covers both the iPhone 5s and iPhone 5c, was announced in December. Earlier this week, Apple CEO Tim Cook promoted the event with multiple interviews, calling the partnership a “beginning.” Subsequent reports indicated that millions of iPhones have already been ordered through China Mobile…

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In rare TV interview, Tim Cook says he is ‘honored’ to be doing business with China Mobile

In a rare TV interview, Tim Cook described this week’s launch of the iPhone on China Mobile as “a watershed day” for the company. While the soft-spoken Apple CEO is noted for the humbleness with which he speaks, it’s hard to imagine him describing Apple as being “honored” to do business with many other companies.

I’m so honored to be doing business with … China Mobile. It’s a huge announcement…we’re incredibly impressed with them, we have deep respect for them, and have had from the very first discussion that we’ve had together” …  Read more

Apple Asia online stores offer deals on iPhones, iPads, & Macs for Lunar New Year sale

 

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Earlier this week we told you that Apple had announced an upcoming sale in many of its Asian online stores to celebrate the Chinese Lunar New Year taking place at the end of January. The sales see Apple offering discounts in China, Thailand, Korea, Singapore, Hong Kong, Taiwan, and Malaysia online stores similar to deals on offer for Black Friday in the US and other countries.

This year Apple is offering cash discounts on the usual products— up to $40 off iPads, $100 off Macs, and smaller discounts on iPods and Smart Covers— it’s also offering a rare discount on iPhones at around $50 off both the iPhone 5s and 5c. In addition, a much larger selection of accessories are on sale compared to the company’s Black Friday sale including popular products from Parrot, Apogee, Belkin, LaCie, and Apple.

Apple opens official online store through Chinese e-commerce site Tmall

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Apple has launched a new online store through Tmall, a Chinese popular e-commerce site Tmall, reports the Wall Street Journal. Tmall, which is owned by the Alibaba Group, is already home to thousands of official retail outlets for other brands, such as Nike. The new storefront will not replace Apple’s own first-party store, but will instead complement it.

Like the store on Apple’s website, the Tmall store will be participating in Apple’s “Red Friday” sales event later this week. Unlike Apple’s eBay store in the United States, the Tmall site sells brand-new products rather than refurbished ones.

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AAPL stock more than 3 percent up on China Mobile news

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After the fall in Apple’s stock value when the China Mobile failed to materialise as expected on 18th December, yesterday’s news that the deal had finally been concluded sent the stock shooting back up again, having climbed more than 3 percent at the time of writing (it was up 4% in pre-market trading but has settled).

With the WSJ having reported that 18th December was the day, the market was clearly jittery when nothing materialized. Everything had appeared to be in place: regulatory approval, Apple putting the handsets on sale in China on the opening weekend, China Mobile posters, a pre-order website, in-store displays – and 4G service up-and-running on schedule …  Read more