Maybe China Mobile needs the iPhone more than it thinks

China Mobile, the largest carrier in China and what would be the crown jewel for Apple, might be suffering by not offering the iPhone to customers, an analyst claims.
In a note to investors, Evercore Partners analyst Rob Cihra said that he believes "China Mobile could be starting to need the iPhone more." He pointed out that China Mobile's 3G market share was down 7 percent year over year to end 2012 at 37 percent. The company's chief competitors, China Telecom and China Unicom, combined for a 7 percent gain to land at 63 percent.