|Nokia-China Mobile Partnership, a Game Changer|
|by Tom McGregor||Fri, Dec 7, 2012, 01:20 AM|
BEIJING: Before the emergence of Apple’s iPhone and Samsung galaxy phones, Nokia, a Finnish company, dominated the global smart phones market. Yet, the corporation had lost its market share in the sector.
Meanwhile, China Mobile, the world’s largest mobile operator, had failed to take advantage of the iPhone craze, as its main rival, China Unicom, acted as the main service provider for Apple in China’s mainland.
“For reference, China Unicom is pre-selling the 16GB iPhone 5 for 5,288 yuan (US $850) and it has 61 million 3G subscribers,” as reported by CNET. “China Unicom has already surpassed 100,000 pre-orders for a phone that won’t be available until December14.”
Nokia wants to take a bite out of Apple’s smart phone action, but it still has a long way to go. Nevertheless, its partnership with China Mobile could be a game changing moment.
“China mobile, which has more than 700 million subscribers, but no contract to sell iPhonese, will start selling a version of Nokia’s flagship Lumia 920 smart phone in the world’s largest mobile market,” according to CNET.
The announcement appears gave a big boost of holiday cheer for Nokia shareholders, since its shares on the Helsinki Bourse had surged to over 8 percent shortly after the deal was disclosed on Wednesday.
To read the entire article from SINA English News, link here:
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