China Mobile (CHL) Reduces Subsidies for Apple (AAPL) iPhones

China Mobile Ltd. (CHL) shares are up nearly 3% in premarket trading following a Bloomberg report that state the telecomm company plans to cut by 38% subsidies related to Apple (AAPL) iPhone and Samsung smartphones. According to the publication, the $2 billion reduction in subsidies may increase market-share gains for Chinese domestic manufacturers such as […] View the full post at: China Mobile (CHL) Reduces Subsidies for Apple (AAPL) iPhones Related posts: Steve Jobs Still Actively Involved in Apple’s Key Operations Apple’s 3G(PS) IPhone Is Here Apple seriously challenging Microsoft’s computing dominance