Investing

No Apple (AAPL) iPhone For China

Apple’s (AAPL) shares surged 11% yesterday. The Nasdaq was up sharply, which accounts for part of that. But, word that Apple was in talks with huge cellular company China Mobile (CHL) about putting the iPhone into China caused a great deal of the rally.

Not so fast. According to Reuters "the iPhone is unlikely to hit Chinese shelves soon because of technical and fee issues, industry executives said on Wednesday, a day after shares in the U.S. company shot up on hopes of a deal with China Mobile."

The head of China Mobile made a point of saying that the iPhone was unlikely to see his market anytime soon. China’s cellular companies see no need to share subscriber revenue with a handset company, and that is at the core of Apple’s model of its phone.

If Apple is going to push its revenue sharing model as the only way for Chinese cell companies to set up a partnership, the iPhone may not enter that market for years. That is great news for Nokia (NOK), Samsung, RIM (RIMM) and Motorola (MOT), who have smartphones of their own, but don’t require taking a cut of the house’s profits.

Douglas A. McIntyre

100 Million Americans Are Missing This Crucial Retirement Tool

The thought of burdening your family with a financial disaster is most Americans’ nightmare. However, recent studies show that over 100 million Americans still don’t have proper life insurance in the event they pass away.

Life insurance can bring peace of mind – ensuring your loved ones are safeguarded against unforeseen expenses and debts. With premiums often lower than expected and a variety of plans tailored to different life stages and health conditions, securing a policy is more accessible than ever.

A quick, no-obligation quote can provide valuable insight into what’s available and what might best suit your family’s needs. Life insurance is a simple step you can take today to help secure peace of mind for your loved ones tomorrow.

Click here to learn how to get a quote in just a few minutes.

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.

AI Portfolio

Discover Our Top AI Stocks

Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.

You can follow him investing $500,000 of his own money on our top AI stocks for free.