China Mobile Challenges Baidu

China Mobile?s revenue will rise 7 percent to 484 billion yuan ($72 billion) this year, according to the average of 29 analyst estimates compiled by Bloomberg. That would be the slowest increase since the company?s 1997 Hong Kong listing and the analysts estimate growth to keep decelerating through 2012.
Growth is slowing as more than 60 percent of China?s population owns a mobile phone, compared with less than 10 percent at the beginning of the decade.
China Mobile Communications Corp., parent of the listed company, last month reached agreement with China?s official Xinhua News Agency to partner in Internet search.
The company may also double sales of SIM cards over an unspecified period as the chips used in mobile phones are used in a wide range of products to give them communications capability, China Mobile Chairman Wang Jianzhou said. For example, putting a SIM card in a car would allow it to transmit details on its performance at any time, he said.

Source : Konaxis

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