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AAPL Stock: 493.42 ( + 0.25 )

Apple wrapping up Chinese iPhone negotiations?

updated 12:10 pm EDT, Tue August 4, 2009

Apple field trip to China


Apple executives are scheduled to fly into China this week, according to a source identified by regional news site Sina. The officials are specifically said to be heading to Beijing, with the express purpose of discussing the iPhone with peers at China Unicom. Apple executives may also be meeting with officials from the country's Ministry of Industry and Information Technology, which has been handling testing for a local model.

Among the people in Apple's team is said to be Greg Joswiak, the VP of iPhone product marketing, who the International Business Times suggests may be leading negotiations. Joswiak was also responsible for talks when a China Unicom team flew to California in March.

A Chinese iPhone is reportedly very close to completion, having already been spotted last week in the form of a test model branded for Unicom. Shanghai Securities News in fact claimed that a three-year contract had been signed, only to be contradicted by a statement from Unicom itself. Tech.QQ has suggested that the carrier may be prepared to pay Apple a subsidy of 3,000 yuan ($439) for each phone; devices may however lack Wi-Fi, in keeping with government restrictions.


by MacNN Staff

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Comments

  1. Constable Odo

    Fresh-Faced Recruit

    Joined: Aug 2007

    +1

    Oh, h*** yeah...

    I'm not sure how many iPhones are going to be sold, but just get them suckers into China and let them see how good it is. Get the deal done and hopefully an accompanying share price boost. If Apple decides to come out with a lower priced model for China, maybe that'll kick up sales if the higher priced ones don't do the trick.

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