Although AAPL and CHL haven’t worked out all of the details, the announcement earlier this month confirmed what most Apple watchers were anticipating. And that’s the inking of a deal that would give the company a big boost in what is by far the world’s largest mobile market.
Given that the Apple iPhone will likely soon be available to China Mobile’s 740 million subscribers, the deal is bound to be a blockbuster for AAPL stock. And, to put that subscriber number in context, all one has to do is realize that China Mobile has about twice the number of subscribers than the entire U.S. population.
If Apple can grab even a sliver of China Mobile users, that’s hundreds of millions of iPhones sold, and good news for AAPL stock investors.