Apple and China Mobile have entered into a deal that will see the carrier launch the iPhone 4 on its network later this year, according to a new report. CapitalVue reports that Chinese-language ccidcom.com, citing a company filing, claims that China Mobile will launch the iPhone 4 at the end of October. Citing an unnamed source, the report also claims that China Mobile hopes to make the iPhone compatible with its fourth-generation network to help make up for a decline in 3G users. despite the fact that the handset isn’t officially available from China Mobile, it claims to have 6.42 million iPhone users on its network as of June 30. [via AppleInsider]