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Tim Cook: Apple-China Mobile Deal a "Watershed" Moment

A deal to sell iPhones on China Mobile’s vast network is a “watershed” moment, Apple CEO Tim Cook told CNBC on Wednesday.

China Mobile will start selling iPhones in China this Friday. The premium, 16-gigabyte, 5s model will be priced at 5,288 yuan, or about $874, the world’s largest mobile company said. The 64-gigabyte 5s will be priced at 6,888 yuan ($1,139) and the 5c model will be priced at 4,488 yuan for the 16-gigabyte model.

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