Scalper1 News
Apple stock hit a 52-week high on Thursday on news of a possible China Mobile deal and continued pressure for a big stock buyback by activist investor Carl Icahn. The Wall Street Journal reported late Wednesday that Apple had reached an iPhone distribution agreement with China Mobile, the world’s biggest wireless carrier. But the Journal might have jumped the gun. Reuters reported Thursday that the two companies were still negotiating the terms of an agreement. Earlier in the week, China’s Ministry of Industry and Information Technology issued 4G licenses to China Mobile, China Unicom and China Telecom , in a widely expected move. China Mobile has scheduled an event for Dec. 18 where it plans to unveil a brand for its fourth-generation, or 4G, network. China Mobile executives previously have said they would only sell the iPhone after deploying 4G wireless service, the Journal said. Meanwhile, current Time Magazine cover subject… Scalper1 News
Scalper1 News