Apple and the worlds largest wireless operator

The stock price of Apple went up on the announcement of this deal and rightfully so. The question is, how much money is the People’s Liberation Party going to skim off the top via operating license and other miscellaneous fees. I question the infrastructure in China, especially after reports I have read in the Wall Street Journal about the Three Gorges Dam construction. I also question the integrity of that country’s “civil service” sector, which could pose its own problem. This is still very good news for Apple. Their profits will rise, no doubt; but, I am willing to bet that hacking that phone is going to be perfected into a fine art in that country, six months after the iPhone is put up for sale. I hope Google is also trying to tap that pool of talent. China might be a little behind in some regards, but their intellectual prowess is not to be underestimated.

Here’s what the New York Times/Bloomberg had to say about it.