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Apple Inc (AAPL) News: Why Is China Mobile Ltd (CHL) Deal A Positive In The Long Term?

4 years ago24 views

IBTimes

IBTimes

Mark Newton, chief technical analyst at Greywolf Execution Partners, weighs in on the Apple Inc. (NASDAQ: AAPL) and China Mobile Ltd. (NYSE: CHL) deal that will launch the tech giant's iPhone on the world's largest network. In addition, Newton discusses how the deal is a positive for both companies in the long-term, and hints at what to expect with Apple's stock in 2014.On Thursday, shares of Apple rose 1.19 to $571.78 in afternoon trading.