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market movers

New iPhones, China speculation lift Apple

Speculation about iPhone sales potential in China may be lifting Apple stock.

Reuters/File 2013

Speculation about iPhone sales potential in China may be lifting Apple stock.

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Apple Inc. advanced 2.08 percent. The world’s biggest technology company is expected to unveil new iPhone models Sept. 10. The next day, it hosts an event in Beijing. That is spurring speculation Apple may have a deal with China Mobile, Reuters reported. Apple may sell more than 5 million iPhones to China Mobile in the December quarter, with the potential subscriber base at the Chinese wireless carrier reaching 38.7 million next year, said Brian Marshall, at International Strategy & Investment Group, Bloomberg News said.

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