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Apple Inc. finally launched its iPhone on China Mobile Ltd.'s vast network Friday, opening the door to the world's largest carrier's 763 million subscribers and giving its China sales a short-term jolt.China Mobile's iPhone sales are expected to reach 12 million in its 2014 fiscal year, but its subsidies will leap 57 percent to 42.4 billion yuan ($7 billion), up from 27 billion yuan in its fiscal year 2013, Cynthia Meng, a Jefferies analyst, wrote in a December note.For the basic 16GB iPhone 5S, with no subscriber contract, China Mobile is charging 5,288 yuan, the same as on Apple's China website. China Unicom Hong Kong Ltd and China Telecom Corp Ltd slashed their iPhone prices by as much as 1,288 yuan following the announcement that a deal had been struck between Apple and China Mobile. China Mobile already has 45 million iPhone users in China, according to a company spokeswoman.
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