The Wall Street Journal earlier this month asserted that China Mobile and Apple had finally cut a lucrative distribution agreement that would put the iconic smartphone on the world's largest mobile network with more than 759 million subscribers, or more than twice the U.S. population.
China Mobile Shanghai’s website has even offered iPhone 5s/5c pre-orders as the giant wireless operator is gearing up to launch its new 4G TD-LTE mobile network in the 1.33 billion people country, Apple's second-largest market by revenue.
But alas, the deal hasn't materialized although the WSJ story suggested that Apple and China Mobile would announce the iPhone agreement "around December 18".
With no deal in sight, shares of Apple dropped nearly two percent in early trading Wednesday, with the carrier confirming to Reuters that it's still in talks with Apple. And so the cat-and-mouse game continues...