News that Apple was talking with China’s largest mobile carrier, China Mobile, sent apple’s stock soaring 11.2% this afternoon [Tuesday]. An executive from China Mobile said that they had not made any concrete progress with Apple yet, but noted that both companies hope to bring the iPhone to the world’s largest developing market as soon as possible. Many analysts say that the prospect of the iPhone entering the Chinese market yields endless possibilities for the company. The potential market size there is huge, and would be equivalent to another AT&T. The increase is stock price is probably warranted given the potential for Apple in the Chinese market, although many feel the large jump in share price wasn’t justified.
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