According to a representative from China Mobile, the world's largest mobile phone operator has "terminated talks with Apple over the iPhone."

China Mobile has an estimated 350 million subcribers. Reports from the Sina.com website claim Apple wanted a revenue share of 20%-30%, which was ultimately more than China Mobile was willing to offer. This according to Gao Nianshu, a general manager for China Mobile. China Mobile LTD CEO Wang Jaingzhou had commented last year that his company was on the verge of tieing up a deal that would bring the Apple iPhone to China through China Mobile. In November, Jaingzhou brushed off the comments. At that time, analysts claimed that current "iPhone business model" or revenue share would prove to be a sticking point. From today's reports, it appears this continues to be

There has been no comment from Apple on the news.

Source: Reuters