According to Giz-China, Apple has reached a landmark agreement with China’s and world’s biggest and most valuable wireless operator, China Mobile, that will see the two companies join forces on bringing a next-generation iPhone to China Mobile’s fourth-generation TD-LTE network:

A report from Sohu.com via AllthingsD goes further saying a two tiered model could have a $70B-$200B upside:

When asked during the last earnings call by a Wall Street analyst about the prospect of the long-awaited China Mobile deal and pre-paid iPhones, Apple’s op-chief Tim Cook provided this telling expose: