Apple CEO Tim Cook and China Mobile Chairman Xi Guohua held talks in Beijing on Thursday, leading observers to speculate that the companies are discussing how the iPhone could be marketed to the mobile carrier's 700 million customers. China Mobile didn't comment on the content of the talks. "Apple is keen on the China market, for sure ..." said Elinor Leung, an analyst with CLSA. "But the key is whether Apple and China Mobile can agree on the commercial terms, including shipment commitment and handset subsidy."

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