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Edition: U.S. Article Comments (0) Email Print Reprints Read BP to conduct test to show if Gulf well dead 18 Sep 2010 Analysis: Swedish government seeks way to exclude far-right 19 Sep 2010 China media warn Japan over escalating sea row 1:59am EDT Facebook denies plans to build its own phone 19 Sep 2010 Dollar eases and gold hits peak as markets await Fed | Video 3:15am EDT Shared Editor's choice 17 Sep 2010 Will you take this bride, in sickness and with surgery? 17 Sep 2010 Hackers hit Hollywood's piracy watchdog 19 Sep 2010 New York's $25,000 dessert sets Guinness record 07 Nov 2007 SCENARIOS-Elections, courts and California gay marriage 26 Aug 2010 Watched Soros: Gold "not safe" Wed, Sep 15 2010 Apologies and prayer for Pope in UK Sat, Sep 18 2010 The week ahead Fri, Sep 17 2010 NYSE and AMEX quotes delayed by at least 20 minutes. NASDAQ delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here. Apple's latest iPhone to go on sale in China on Saturday Tweet This Share on LinkedIn Share on Facebook Related News LG Elec unveils new smartphone, eyes 10 million unit sale Tue, Sep 14 2010 Apple to end free iPhone case program September 30 Sat, Sep 11 2010 Google's Android to be world No. 2 in 2010: report Fri, Sep 10 2010 China's Beijing Auto plans listing in 2 years -paper Thu, Sep 9 2010 UPDATE 5-Apple eases app restrictions; Adobe shares jump Thu, Sep 9 2010 Analysis & Opinion China’s yuan: a guide for the perplexed When should investors sell their Apple stock? Related Topics Technology » Media » China Labor Unrest » SHANGHAI | Mon Sep 20, 2010 12:31am EDT SHANGHAI (Reuters) - China Unicom said it will launch Apple's latest iPhone in China on Saturday, as it attempts to claw back market share with a rollout of the U.S. company's popular smartphones. The iPhone 4 will be sold through China Unicom on two-year phone contracts and also through Apple retail stores in China, the world's largest mobile phone market with more than 790 million subscribers. China Unicom will sell the latest iPhone 16 gigabytes version at 3,899 yuan ($579.9) with a monthly fee of 96 yuan for 2 years. Alternatively, subscribers can sign up for a 2-year plan of 286 yuan per month and get the phone free. "Looking at the pricing, it is still relatively expensive. People can still come to Hong Kong to buy it for less," said Marvin Lo, a Hong Kong-based analyst with Daiwa Capital Markets. Lo expects the new iPhone 4 to stimulate 3G monthly net additions of 1 million subscribers for China Unicom and expand the firm's average-revenue-per-user in the short term. "It is still expensive stuff, whether it can stimulate net additions over 6-7 months remains to be seen," Lo said. Apple will also open two new stores in China on Saturday that will sell the new iPhone, Apple said in a statement. The Cupertino firm currently has two stores in mainland. Apple will open an Apple store in Hong Kong Plaza in Shanghai and one in Beijing's Xidan Joy City. At the stores, the phones will be sold without contracts at 4,999 yuan ($743.6) for a 16 gigabytes version and 5,999 yuan for a 32 gigabyte version. In Hong Kong, a 16 gigabytes iPhone 4 is cheaper than its Chinese counterpart at HK$4,988 ($642.4) at the Apple store. China Unicom, the sole telecom distributor of Apple's iPhone in the country, had seen slow sales for the handset because of high subscription fees and stiff competition from lower priced Android handsets. Apple opened its second flagship store in China in July and is on track to have 25 retail outlets in the country by the end of next year. Apple executives said in April that they saw the Chinese market as a major growth opportunity. (Reporting by Melanie Lee; Editing by Ken Wills) Technology Media China Labor Unrest Add a Comment *We welcome comments that advance the story directly or with relevant tangential information. We try to block comments that use offensive language or appear to be spam and review comments frequently to ensure they meet our standards. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. 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Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

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