Kabir's Econ Blog

November 2, 2009

Photo: Chinese queue up for iPhones

Filed under: Uncategorized — kabir1892 @ 5:46 am

iphone-china-unicom-11

The iPhone has set out to make a debut in China. Hundreds line-up in Beijing to buy the new Apple smart phone despite the fact that the prices are high and a lack of Wi-Fi. The first sale was at 6:30 pm.

Although China is the largest cellphone market in the world, over 700 million subscribers might have trouble attracting buyers due to the deal that it made with Apple. Because of the restrictions imposed by the Chinese government, the iPhones that are being sold soon will not have Wi-Fi.

Without a service plan, it costs between 5,000 yuan to 7,000 yuan. for a 32 GB iPhone 3GS. Street merchants that are changing for an unlocked gray-market 32 gig iPhone 3GS with Wi-Fi are paying 5,700 yuan. This means that they are paying 20% more. When purchased with a long-term service contract, the China Unicom’s iPhones are overall cheaper.

On Friday, the China Unicom officials announced that there are over a million iPhone 3G subscribers.

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