Apple to launch iPhone in China

By chris v, B2P
Published on Friday August 28, 2009 at 12:42 pm ET
Updated 08-25-11, 3:12 pm ET

China’s second largest carrier China Unicom has announced today that it has struck a multi-year agreement with Apple to bring the iPhone 3G S to China.

China Unicom currently has about 140 million subscribers, with about 690 million mobile phone users in all of China.

Not much was disclosed today, except the fact that the iPhone will become available sometime in the forth quarter of 2009. Neither revenue sharing nor pricing details were disclosed.

Reports indicate as part of the deal, China Unicom would

 purchase up to 5 million iPhone handsets initially for a reported cost of close to USD $1.5 billion.

It is believed China Unicom would sell the iPhone for about USD $450 each with prepaid requirements.

Reports also indicate that China Unicom will offer two different iPhone handsets, one initially without WiFi capability in order to adhere to Beijing regulations, and later a handset with WiFi.

The contract marks a very significant win for Apple co-founder and CEO Steve Jobs.

Since the end of June 2009, Apple had sold 26.4 million iPhone handsets worldwide in more than 80 nations.

tag TAGS: , ,
               
Short URL: http://bit.ly/pJMGBC
Recommended:
b2p Ensure that you follow us on Twitter and Like us on Facebook
Chris is a graduate from the Art’s program at Ryerson University in Toronto, Canada. He is very passionate about photography and art. Write to [email protected]
checkmark
We are perfectly committed to the highest ethical and professional codes of conduct and standards in the industry on a firm wide basis. Learn more about us, our contributors, and our governance
b2p
We encourage you to comment. Comments are moderated. Comments that are abusive, off-topic, have marginal substance, or include promotional content will be removed. We cannot facilitate requests to edit or remove comments, or explain moderation decisions

Business 2.0 Press publishes exclusive business tech news and analysis covering start-ups to large-caps from Bay & Wall streets since 2008 from a group of highly knowledgeable industry professionals that abide by the toughest industry codes of conduct and professional standards lightMore

lightAdd value by subscribing (RSS)

HEADLINES

FEATURED

logo
StockFractions.com has the most stock ratios for public companies. Get the most comprehensive micro insight on public firms available on the web, all for free.
Stock Fractionsgo

title
Colon cancer is one of the leading causes of death. Irrespective of family history, everyone is exposed to the risk. About 90% of colon cancer cases begin from non-cancerous tumors, polyps, which could form in the large bowel. Screening with a colonoscopy will painlessly remove any polyps hence almost entirely reducing your risk of developing the horrible disease. The good news is that about 90% of colon cancer cases are preventable through a simple (yes, simple) colonoscopy.
Learn moreatom
Public service message from Business 2.0 Press