A deal would cap years of negotiations between the two companies. Apple has tried to hammer out a deal with China's largest wireless carrier that has 700 million subscribers, seven times the size of the U.S.'s largest wireless carrier Verizon Wireless. Greater China is Apple's third biggest market after the U.S. and Europe in terms of sales.
According to the report, Apple asked Foxconn to add China Mobile to the list of carriers slated to receive the low-cost iPhone; however, it is not clear when exactly the carrier will begin selling the device.
Apple is set to unveil its new iPhones on September 10th and it's rumored to be launching sales of the smartphones by September 20th. Notably, a September 11th media event is being held by Apple in Beijing, China. That's nine hours after the one in the U.S.