In its most recent earnings announcement, China Mobile missed expectations and showed alarming signs of slowing growth. But does that make it time to drop the stock? Well, no. As one of the smartphone competitors in China, China Mobile has increased subsidies by $4 billion. Building out 4G networks in 13 cities by end of the year, the company will hopefully see more growth within the next few quarters.
Apple's massive opportunity in China is just one small reason that it has grown to become the most influential company in technology and has delivered market-smashing returns for those lucky enough to invest in the company. However, with the impending release of the iPhone 5 and Apple TV on the horizon, the stakes have never been higher for the company. If you're looking for a recommendation on how to play Apple along with continuing updates and guidance on the company whenever news breaks, we've created a brand new report that details when to buy and sell Apple. To get started, just click here now.
The article Is It Time to Give Up on This Chinese Telecom Giant? originally appeared on Fool.com.
Andrew Tonnerowns shares of Apple. You can follow Andrew and all his writing on Twitter at @Andrew Tonner. Austin Smith owns shares of Apple. The Motley Fool owns shares of Apple and China Mobile. Motley Fool newsletter services recommend Apple and China Mobile. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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