After all the rumors and China Mobile websites seeming to take orders for iPhones Apple announced on Sunday afternoon that it had entered into a multi-year deal with China Mobile China Mobile. Starting on Wednesday, December 25, the iPhone 5c and 5s will be available for pre-registration and be available on Friday, January 17, in China Mobile and Apple Apple stores. (Note that my family and I own Apple shares).
From the press release "China Mobile now has over 1.2 million 2G/GSM, 3G/TD-SCDMA, 4G/TD-LTE base stations and over 4.2 million Wi-Fi access points, providing broad coverage to quality networks for iPhone 5s and iPhone 5c customers. China Mobile is rolling out the world's largest 4G network. By the end of 2013, China Mobile's 4G services will be available in 16 cities including Beijing, Shanghai, Guangzhou and Shenzhen. By the end of 2014, China Mobile plans to complete the rollout of more than 500,000 4G base stations, which will cover more than 340 cities with 4G service."
China Mobile has 763.3 million total subscribers with 181.1 million on 3G. iPhones will support China Mobile's 4G/TD-LTE and 3G/TD-SCDMA networks and pricing has not been announced. I am projecting that Apple could sell 15 million iPhones in the first year and add $3 to Apple's EPS.
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