Apple and China Mobile Cancel iPhone Launch Talks

Apple Inc. and China Mobile announced on the 14th that they had canceled the negotiations regarding the release of iPhone in China, causing a decline of nearly 3% in China Mobile's stock price. According to a comprehensive report by foreign media on January 15th, the cancellation of the negotiations between Apple Computer and China Mobile concerning the launch of the iPhone in China shattered investors' speculations that the device would soon be available for sale, leading to a drop in China Mobile's share price.