iPhone 5 launch on China Mobile in negotiations, CEO confirms

Credit: Apple

According to Unwired View, at the 2012 China Mobile Worldwide Developer Conference, speaking on the availability of the new iPhone, China Mobile’s president Li Yue said that “technology is not a problem, [it is] mainly about business model and benefit-sharing issues.”

Until now, speculation has pointed to China Mobile’s network exclusive TD-SCDMA technology as being the problem.

Li’s statement could also mean that Apple and China Mobile are currently in negotiations about a possible deal.

China Mobile is the country’s largest mobile carrier and the world’s biggest wireless service provider with 703 million subscribers.

The iPhone 5 will be officially launched on China Unicom on December 14.