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

IPhones Not In China's Immediate Future

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.

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