by Christopher Freeburn | January 14, 2014 12:49 pm
Here are your Apple rumors and AAPL news items for today:
Preparing: Insider sources tell the Wall Street Journal that the world’s largest wireless carrier has received a huge order of Apple’s (AAPL) flagship iPhone. Apple manufacturing partner Foxconn shipped 1.4 million iPhone 5s units to China Mobile (CHL) last week. China Mobile recently concluded a deal with Apple to carry the iPhone, which will launch on its new 4G/LTE network on Jan. 17. China Mobile has been taking pre-orders for the iPhone since late last month. The sources indicated that Apple had not provided any additional guidance to Foxconn regarding future iPhone orders from China Mobile. The deal with China Mobile could boost iPhone sales in China by between 10 million and 30 million units this year, according to analysts. Chinese consumers purchased 18.5 million iPhones during the first three quarters of last year. The iPhone has seen its share of the Chinese smartphone market decline in recent years due to rising competition with cheaper domestic manufacturers.
Discount: Apple will sell a cheaper iPhone in India … sort of, Quartz notes. Apple plans to bring the iPhone 4 to India and will sell the now-discontinued iPhone for about $250. Apple has struggled to increase iPhone sales in India, but has been hampered by the handset’s high price, which is beyond the reach of many Indian consumers. The 8GB iPhone 4 will be available with a monthly installment payment plan. Such payment plans are popular in India. Apple has launched a variety of promotions and discounts to build iPhone sales in India, where it holds a relatively small market share.
Denied: Apple’s bid to avoid an external monitor for its e-book business has been rejected by a federal judge, Reuters notes. U.S. District Court Judge Denise Cote shot down a request from Apple to stay her order mandating the monitor while it appeals the ruling. She also dismissed Apple’s contention that Michael Bromwich, who had been tapped for the role, had shown bias against the iPhone-maker. Apple said it plans to appeal the rulings. The external monitor was imposed last year after the court ruled that Apple had conspired with five publishers to improperly fix e-book prices on its iBookstore. The U.S. Department of Justice sued over the price-fixing. The publishers settled with the government before trial, leaving Apple to fight the case on its own. The judge also rejected Apple’s complaints over Bromwich’s fee of $1,100 an hour, noting that “lawyers get paid a lot of money.”
For more about the company, check out our previous Apple Rumors stories.
Source URL: http://investorplace.com/2014/01/tuesday-apple-rumors-china-mobile-gets-1-4-million-iphone-5s-units/
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