China Mobile Ltd., the world's biggest wireless-phone company by users, said it ended talks to sell Apple Inc.'s iPhone handset in China, declining to say why the discussions were discontinued.
The negotiations ended because Apple wanted a larger share of revenue from game, music and video downloads than China Mobile would offer, the Sina.com Web site reported today. Apple shares rose the most in more than a year in November after China Mobile Chairman Wang Jianzhou said the Beijing-based carrier was in talks to sell the IPhone.
Now that the talks is over many expect the Apple IPhones will find it hard to enter the mobile market of China. Without China Mobile Ltd, Apple entering China won't be substantial.
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