The largest mobile operator in China has broken off talks with Apple over the iPhone, with one executive saying Apple wanted to share too much revenue.
From the Financial Times:
Chinese media on Monday quoted Gao Nianshu, general manager of China Mobile's data department, saying that Apple had given the impression it wanted to control the value chain and had pushed for up to 30 percent of revenues generated by locally sold iPhones.
"Of course we could not agree," Mr. Gao told a gathering of local MBA students, according to the Sina Web site. China Mobile also … Read more