China Unicom pins hopes on iPhone 4 and iPad
September 30, 2010 Category Uncategorized
China Unicom is pinning its hopes on the launch of Apple’s iPhone 4 and the iPad to reverse its fortunes this year after reporting a 62% slump in first-half profit to CNY2.53 billion owing to the high cost of introducing its 3G business. China Unicom is the only telecom operator offering Apple’s iPhone. Revenue climbed 7.6% to CNY82.11 billion. China Unicom said it had budgeted for CNY3 billion to CNY5 billion on subsidies for 3G users this year and had spent CNY1.17 billion in the first half. During that period it had added 4.81 million subscribers, taking the total to 7.56 million. Unicom signed up more than 40,000 iPhone 4 subscribers with 3G tariff plans over the launch weekend of September 25, which was much better than the 6,000 who signed up over the iPhone 3GS launch weekend in October last year when the carrier started selling a version without Wi-fi support. Unicom had taken pre-orders for 400,000 iPhone 4 handsets on September 17 and swiftly exhausted its supply to meet the demand.
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