iPhone buyers in Beijing. Photo: it.chinanews.com.cn

iPhone buyers in Beijing. Photo: it.chinanews.com.cn

By Sam Oliver – The iPhone saw its formal debut in China Friday on carrier China Unicom, with the Wi-Fi-less hardware sold via 2,000 stores at a starting price of 4,999 yuan, or $730.

That high price was cited by The Wall Street Journal as the “buzz-killer” over the handset’s debut. The high-end iPhone 3GS sells for 6,999 yuan ($1,024) without a service contract, which is how most people in China purchase their phones. The same handset can be bought for about $800 in Hong Kong.

“When wrapped together with a service plan, as is generally done in the U.S., the phone will cost Chinese subscribers at least $3,120 over two years, compared with the roughly $2,600 cost for the same period for customers in the U.S.,” the report said.

The average cost of a smartphone in China is $350. And Apple must also compete with an estimated 2 million imported iPhones that were already in China as of the summer of 2009.

The cheapest iPhone runs 4,999 yuan, or $630, according to The Associated Press. And all of the officially sanctioned models come without Wi-Fi. But an imported iPhone 3GS with Wi-Fi can be bought from Chinese street markets for 5,700 yuan, or $835. read more at AppleInsider.com…

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