Huffpost Business

IPhones Not In China's Immediate Future

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Apple Inc's (AAPL.O) 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.

Shares in Apple rose more than 10 percent on Tuesday -- snapping a four-day losing streak -- after China Mobile Ltd (0941.HK) (CHL.N) Chief Executive Wang Jiangzhou said his firm was in talks about a possible tie-up. China Mobile stock also jumped 9 percent on Wednesday.

Read the whole story at Reuters