Apple and China Mobile officially halt Chinese iPhone talks

A spokesperson for China Mobile, the largest server provider in China, has confirmed that Apple and the company have officially halted talks for bringing the device to the Asian country. The official statement gives no reason on why talks were ended, other than the fact that they were indeed “terminated”.

The most likely reasons are probably based around unique problems based around unique Chinese fee and various technical issues, as well as a revenue-sharing agreement which China Mobile had opposed. Just the fact that the two companies were conversing about a possible iPhone release to one of the largest mobile markets caused a 10% increase spike in Apple stocks in November. Will this have a negative effect for Apple?