China Mobile, the world's largest wireless company, is in talks with Apple about a 4G-enabled iPhone. If their proposed collaboration on China Mobile's new TD-LTE network and compatible products bears fruit, the rewards for Apple could be enormous.
Apple buys many components for its devices from Chinese suppliers. Now, it's getting more aggressive about selling those devices in the world's largest cell phone market, inking a deal to sell iPhones through No. 1 wireless operator China Mobile, which could substantially boost Apple's earnings.
Talks between Apple and China Mobile didn't go so well back in 2009, but Steve Jobs apparently wants to take another stab at getting his wildly popular iPhone onto the world's largest network. And Apple may be more accommodating about terms now that Google's Android is gaining share globally.
Google co-founder Sergey Brin has emerged as the key force behind the search giant's decision to close its China-based search engine, citing his experience growing up in the Soviet Union. Google may suffer in the long run, but in this case, Brin has put principle above profit.