AMD hits multi-year highs on surprise Q2 profit >>> READ MORE

5 Big-Name Companies Expanding in China

Big names like AMZN are betting on a fire-breathing dragon

      View All  

Apple (AAPL)

amzn-wmt-aapl-stock-lnkd-tslaThe biggest personal technology company in the world, Apple (AAPL), wants China to take bigger bites of its fruit, as evidenced by talks of a deal with China Mobile Limited (CHL).

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.

Article printed from InvestorPlace Media,

©2017 InvestorPlace Media, LLC