On December 5th, the shares of Apple plunged 6.5% taking billions off the market value of the company
. The reason for the drop was the announcement by the world's largest carrier,China Mobile, that its new flagship phone would be the Windows Phone 8 powered Nokia Lumia 920T
. Ironically, China Mobile's unique 3G network has kept the Apple iPhone off the mobile operator's network
and despite talks with Apple over the years, the Cupertino based firm has not made a special version of its smartphone for the carrier.
China Mobile has come up with a subsidized pricing deal for the Nokia Lumia 920T. With a signed two year pact (sound familiar) you can purchase the phone for 1 Yuan (13 US Cents). To get the phone for 1 Yuan, you need to sign a contract for 24 months of service at 388 Yuan a month ($62.29 USD). Sign a 24 month contract at 288 Yuan a month ($46.24 USD) and pay 800 Yuan for the phone ($130 USD). Select the 228 Yuan per month contract for 24 months ($36.61) and the phone will cost you 1200 Yuan ($190 USD). The last option is a 24 month contract at 188 Yuan a month ($30.16 USD) and if you select that monthly payment plan, the Nokia Lumia 920T will cost 2000 Yuan ($320 USD). The more you sign up to pay each month, the cheaper the cost of the phone.
Even though Apple did sell 2 million units of the Apple iPhone 5 on launch weekend
, when you have the backing of the world's largest carrier behind you like the Nokia Lumia 920T has, you have to expect pretty strong demand for the Windows Phone 8 handset.
(translated) via WPCentral