03/28/2008 02:45 am ET Updated May 25, 2011

What China Mobile iPhone Deal Could Mean To Apple

China Mobile boss Wang Jianzhou says his company is in talks with Apple (AAPL) to offer the iPhone in China. This would be a good deal for both sides: China Mobile (CHL) beats smaller rival China Unicom (CHU) to the world's hottest phone, and Apple gets its phones distributed by the world's biggest wireless carrier.

At the end of September, China Mobile had about 350 million subscribers -- more than 5 times the size of AT&T, Apple's U.S. carrier partner -- and almost 1.5 times the size of the entire U.S. wireless industry. With another 155 million subscribers on China Unicom, Apple's market opportunity in China is twice as big as it is in the U.S.

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