Apple has not yet begun official talks with a view to releasing the iPhone in China, a report claims.

China Mobile chairman Wang Jianzhou last week confirmed that issues regarding the business model for the release of the device in China have prevented the two companies from entering formal talks.

The company claims that once the wrinkles are ironed out, both Apple and China Mobile plan to cooperate on the release of the device, but no time frame was given for any attempt to launch.

"Our door will remain open as long as there is customer demand," Jianzhou explained at a telecoms trade show in southern China. Wang said China Mobile subscribers currently totaled more than 380 million, nearly 30 percent of the country's total population.