In China, a big missing piece for Apple is China Mobile Ltd, the biggest local telecom carrier that doesn't yet sell the iPhone. Earlier this month, Mr Cook met China Mobile Chairman Xi Guohua in Beijing and discussed cooperation, stirring hopes that the world's largest mobile carrier may soon start offering the iPhone.
Earlier this month, the Wall Street Journal reported that Apple was working on a lowerend iPhone that could launch as early as this year. But one possible challenge for Apple in China is that lowpriced Androidbased phones are getting better in terms of quality. A report from CLSA in late November showed that many smart phones sold at about 1,000 yuan ($160) came with higherresolution screens, better cameras and more powerful processors than phones at that price did a year earlier.
1.Apple's shares dropped sharply because in December________
A.the iPhone wasn't popular in China
B.its product quality was widely criticized
C.the earnings for the holiday quarter were disappointing
D.the investors were not satisfied with Apple's management
2.What can we learn from the passage?
A.Apple tends to offer a lower sales forecast.
B.China Mobile Ltd began to team up with Apple.
C.Cook was pessimistic about what Apple did in China.
D.Apple didn't take measures to develop Chinese markets.
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