Wall Street Journal:
China Mobile Ltd. has signed a long-awaited deal with Apple Inc. to offer iPhones on its network, a person familiar with the situation said, an arrangement that would give the U.S. technology giant a big boost in the world’s largest mobile market.
Take this with a tiny grain of salt because of the “a person familiar with the situation said” line but we’ve been expecting this deal for several months.
Once the deal’s confirmed, looks like a decent time to buy a bit more Apple stock.
Up 9.5 bucks in pre market trading. Perhaps it’s too late.
Not if you’re buying for the long term.