Apple to launch iPhone in China
by admin on Aug.31, 2009, under Banking Industry, Global Economic Crisis, Phones Mobile, Technology, World Economy
Apple’s iPhone is set to make its debut in China by the end of this year after the US company reached agreement with China Unicom, the country’s second-largest mobile operator.
China Unicom on Friday said it would start selling the 3G iPhone in the fourth quarter after signing a non-exclusive three-year contract with Apple.
The company said it would not use Apple’s traditional revenue-sharing model and would instead pay the group on a wholesale basis.
China Unicom said it hoped the introduction of the iPhone would boost falling profitability.
The company said on Friday that first-half net profit fell 42.1 per cent to Rmb6.62bn ($969m) amid heated competition, while revenues dropped 4.3 per cent to Rmb74.51bn.
Chang Xiaobing, chairman and chief executive, said he expected iPhones to lure more high-end users who spend more on data services. National Hard Money Association
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