In the United States and several other countries, Apple has sold millions of iPhone devices. But in China there has not been a good number of sales whatsoever. China Unicom reportedly sold only about 5,000 iPhones in a week. Two of the biggest problems with selling the iPhone in China so far is that the price is too high and it does not come bundled with WiFi.
The iPhone costs $1,025 in China while it costs $299 in the United States with an AT&T contract. China Unicom is selling the iPhone for a price that is 26% higher than what it is selling for in Hong Kong.
?We believe that eventually China will emerge as a major market for iPhone sales, but it could take a year or two to gain meaningful unit traction as it did in the U.S.,? stated Piper Jaffray & Co. analyst Gene Munster.