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China Mobile Taking Steps to Cut Smartphone Subsidies

China Mobile Ltd., the world’s largest carrier, is taking steps toward eliminating $2 billion in smartphone subsidies, almost doubling the costs of some devices such as Apple Inc.’s iPhone 5s.

China Mobile is revising the wireless packages available for devices sold at stores including the one in its Beijing headquarters building. The cost for an iPhone 5s with 16 gigabytes of storage and using the most-expensive data plan would increase by 94 percent over two years. The iPhone 6 and iPhone 6 Plus aren't approved for official sale in China yet.