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Apple granted China Mobile license, but shares fall on downgrade

Wednesday, 11 Sep 2013 | 10:06 AM ET

There are indications that a deal is in the offering for Apple's iPhone to run on the world's largest wireless operator, reports CNBC's Eunice Yoon with the latest details. And CNBC's Jon Fortt reports Apple shares are falling sharply following yesterday's unveil of its IPhone 5C. Also Kulbinder Garcha, Credit Suisse explains why he downgraded Apple to "neutral" from "outperform."