Posted January 12, 2013 by Alexander Cooke in Technology

Chinese companies are ready to capture market share in US- AAPL & CHL

Northern, WI 1/12/2013 (Avauncer) –There has always been a tough competition between U.S. and Asian countries like China in several fields. Whether it is the Olympics, or other business fields, Asian countries are trying to capture the first position. Now, it is the iPhones market which is going to be in the arena of tough competition. According to Apple Inc. (NASDAQ:AAPL)’s CEO, China is going to overtake U. S markets in iPhones sales. Apple Inc. (NASDAQ:AAPL) is going to open many more outlets in China. It is also thinking of launching new products in China.

The company already has 11 stores in several parts of China and Hong Kong. Apple Inc. (NASDAQ:AAPL)’s Chief Cook met China Mobile Ltd. (NYSE:CHL)’ chairman at high level meeting and the talks were mainly about mutual cooperation on wireless services. China Mobile Ltd. (NYSE:CHL) is one of the world’s largest wireless operators in terms of subscribers. Taking the census among the mobile users, it is seen that 64 percentage accounts for Chinese made mobiles. The company also has the advantage of having a third generation network. This is not used by any other carriers. So, once Apple Inc. (NASDAQ:AAPL) enters into a deal with China Mobile Ltd. (NYSE:CHL) for selling of iPhones, it is going to be highly beneficial for both the parties in terms of revenue. According to a spokesperson of China Mobile Ltd. (NYSE:CHL), it will start selling Apple Inc. (NASDAQ:AAPL) iPhones only after an agreement is reached on benefit sharing with the company.

So far Apple Inc. (NASDAQ:AAPL) had been working only with second and third carriers China Unicom and China telecom. It had competition only from domestic markets. Once it starts working with the nation’ first carrier China Mobile Ltd. (NYSE:CHL), sales may increase by several volumes. Apple Inc. (NASDAQ:AAPL) had launched the iPhones 5 in China only in December after a launch in the US markets.

So let us cross our hands to see Apple Inc. (NASDAQ:AAPL) stores in several parts of china and how it works for both the companies.

Shares of Apple Inc. (NASDAQ:AAPL) were down by 0.61% to close at $520.30

Shares of China Mobile Ltd. (NYSE:CHL) were down by 0.95% to close at $58.19

NASDAQ:AAPL NYSE:CHL

Alexander Cooke

Alexander Cooke has over 8 years experience in Automobile, marketing, PR, advertising, sales, promotions and special events planning. His writing for print includes work for a Gannett paper and a personal experience piece for Newsweek. Since 2008 he has concentrated on automotive articles for the on-line market and produced numerous pieces for the High Gear Media site Allcaradvice.com. That work was moved to the media company’s flagship site Thecarconnection.com where it can be viewed.