China Mobile Walks From iPhone Deal

    January 15, 2008

Many sources around the Internet have been following the story behind China Mobile and Apple regarding the introduction of the iPhone, however today it has been reported that China Mobile has walked away from negotiations.

"We can only say that negotiations have ended for now," a spokeswoman for China Mobile Communications told the AP. "We have no other news to report." Chinese Internet portal promptly started reporting that (surprise, surprise), the deal-breaker was likely the 20-to-30 percent revenue share agreement Apple was likely demanding – Wired Blog.

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