China Mobile said Monday its parent company, the country's largest handset operator, has temporarily terminated talks with the US-based Apple Inc. about introducing the iPhone to the Chinese market.
"Our talks with Apple over the iPhone have been temporarily terminated for the moment," said a spokesman for the Hong Kong-listed China Mobile. She would not comment on whether discussions will be restarted nor the reasons for the termination. The parent company in Beijing would not comment on the talks. In the Hong Kong stock market, China Mobile shares closed down 3.70 at 130.20 Hong Kong dollars (16.70 US dollars), off a low of 130.00 and a high of 134.20 dollars. Last November, A China Mobile executive Huang Haibo said the company was in preliminary contact with Apple but did not make any concrete progress. Apple's iPhone -- an Internet-enabled mobile telephone, portable digital media player and digital camera in one -- is now being released in Europe. Asia will follow in 2008. Apple said 1.4 million iPhones were snapped up in the first three months after its launch. The firm hopes to sell 10 million units by the end of 2008.
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