At Apple’s annual shareholders meeting Tuesday, CEO Steve Jobs reiterated the company’s goal of selling 10 million iPhones by the end of the year and COO Tim Cook assured investors that Apple will enter China with its game-changing phone.

“We will one day enter China, we’re not saying when, and we will one day enter India,” Cook said. Apple will enter “lots of different places in 2008.”

China Deal Will Take Time

Talks with China Telecom, the country’s leading wireless provider, have apparently stalled with the companies having had only one conversation so far. Earlier reports indicated that Apple’s demands for a revenue-sharing deal, which it has with its carrier partners in the U.S. and Europe, are the sticking point.

Deals in China simply take day, said Tim Bajarin, principal analyst with Creative Strategies, in an e-mail. “China is a rigid market since the telcos there are so connected to the government. It may take duration for

Apple and the right Chinese telecom provider to get a deal that works for all concerned,” he said.

Regardless, Bajarin expects Apple will meet its goal for 10 million iPhones by the end of the year. The fact that Jobs stuck by the 10 million number and promised to get into the China market “eases some investor concerns,” Piper Jaffray analyst Gene Munster told Bloomberg.

Flash Inadequate for iPhone

Jobs additionally set off fireworks in Silicon Valley by slapping around Adobe’s Flash technology. He said the mainstream version of Flash is too slow for mobile devices and the mobile version is simply lame. “There’s that lost product in the middle,” Jobs said. That sent bloggers speculating that Apple is working on a proprietary iPhone video layer.

The AppleInsider Web site noted that Google and Apple worked together to migrate YouTube videos from its Flash-based player to the H.264…

Orginal post by Top Tech News