Apple Seals iPhone Deal With Japanese Carrier (AAPL)

With a new iPhone device on the horizon, Apple (AAPL) has announced a new deal that will bring the famed mobile device to Japan.

Japan’s NTT DoCoMo will begin carrying the iPhone starting this fall as the firm looks to increase its number of contracts and deliver the long-awaited device to its customers. The deal comes just ahead of the September 10th meeting where Apple will release the details on its latest iPhone model.

On a macro scale, Apple has been trying to expand its reach into global markets for some time now, as the popularity of the iPhone has transcended U.S. borders. This move comes in a long line of others that look to make the tech giant a more global force.

Apple shares were down $3.42, or .69%, at Thursday’s close. The stock is down just over 7% this year.

The Bottom Line

Shares of Apple (AAPL) are currently yielding 2.46% based on Thursday’s closing price of $495.27.

Apple (AAPL) is not recommended at this time, holding a DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

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