by Christopher Freeburn | September 11, 2013 10:51 am
Here are your Apple rumors and AAPL news items for today:
Certified: Chinese regulators have given Apple (AAPL) a license for an iPhone that is compatible with the network used by the world’s largest wireless carrier, the Wall Street Journal notes. The license comes as Apple is widely expected to announce a deal with China Mobile (CHL) to offer the iPhone. Previous versions of the iPhone were incompatible with the TD-LTE technology used by China Mobile. However, Qualcomm (QCOM) chips inside the iPhone 5S and iPhone 5C, unveiled at a special media event in California on Tuesday, will reportedly work with China Mobile’s network. Apple has long had deals with smaller Chinese carriers China Unicom (CHU) and China Telecom (CHA), but China Mobile has resisted its contractual requirements. Last month, Apple CEO Tim Cook reportedly met with China Mobile executives in Beijing to accelerate negotiations. China Mobile has more than 700 million subscribers. Recent reports indicate that the new iPhones won’t be available on China Mobile until November. Apple has not yet announced a deal with the carrier.
Departing: At the special media event announcing its new iPhone 5S and iPhone 5C on Tuesday, Apple confirmed that one member of the iPhone family will be leaving the product line, AppleInsider notes. The iPhone 5 is being dropped. Rumors had circulated in recent months that Apple would discontinue the iPhone 5 after the new iPhones were introduced. The iPhone 5C’s internal architecture is said to virtually copy the iPhone 5, making it the logical successor to last year’s iPhone. The two-year-old iPhone 4S will continue, however, becoming Apple’s lowest-cost iPhone. The iPhone 5, which sold five million units during its launch last year, was plagued with production issues that constrained supplies at launch.
Update: Users of Apple TV can expect to get new software for their streaming devices next week, according to AllThingsD. Apple will release a major overhaul of the set-top box’s software on the same day it releases iOS 7 to the public, September 18. The new Apple TV software includes an update to its AirPlay system allowing users to view content downloaded from iTunes on other TVs.
For more about the company, check out our previous Apple Rumors stories.
Source URL: http://investorplace.com/2013/09/wednesday-apple-rumors-iphones-approved-for-china-mobile-network/
Short URL: http://invstplc.com/1aLDpQF
Copyright ©2015 InvestorPlace Media, LLC. All rights reserved. 700 Indian Springs Drive, Lancaster, PA 17601.