China Mobile Ltd., the world’s largest phone company by users, said it will boost sales of content such as mobile games, music and e-books as competition from instant-messaging applications eats into voice and text.
Apple Inc. Chief Executive Officer Tim Cook promised China Mobile Ltd.’s 763 million subscribers “great things” after customers in Beijing asked him whether the iPhone maker was developing devices with larger displays.
China Mobile Ltd., the world’s largest phone company by users, said its ongoing trial of fourth-generation TD-LTE network equipment is going smoothly and it has uncovered no issues with the technology.
China Mobile Ltd. fell the most in a month in Hong Kong trading after posting its third straight drop in quarterly profit as expenses for subsidizing Apple Inc.’s iPhone and building networks increased.
China Mobile Ltd., the world’s largest phone company, will spend more on subsidies next year as it tries to boost smartphone sales by as much as 42 percent and lure customers to its new high-speed service.