China Unicom Chairman: To Buy Phones From Apple, No Revenue Sharing
August 28 2009 - 5:56AM
Dow Jones News
China Unicom Ltd. (CHU) Chairman Chang Xiaobing said Friday that
the company will buy iPhones directly from Apple for sale in the
China market and its deal with the U.S. company doesn't involve
revenue sharing.
Chang, speaking to reporters at a press conference, said China
Unicom will offer subsidies to customers who buy the handset, but
he didn't elaborate on the amount.
China Unicom Executive Director and President Lu Yimin said the
company aims to take more than one-third of China's
third-generation mobile market next year.
It expects 3G users will make up 20% of China's mobile market in
2010.
-By Lorraine Luk, Dow Jones Newswires; (8610) 6588-5848
lorraine.luk@dowjones.com