Sina Tech, 5/28/10
An industry source has revealed that China Unicom's (NYSE: CHU; 0762.HK; 600050.SH) iPhone sales volumes grew consecutively by nearly 100% following a drop in iPhone plan prices over the May 1 holiday period, leading to a shortage in the supply of iPhones. A source at electronics retailer Gome (0493.HK) confirmed that iPhone sales volumes had indeed grown sharply in May, with 16 GB models now sold out.
China Unicom is working to meet customer demand by allowing prospective buyers to pre-order in exchange for guaranteed phones as soon as stocks are replenished.
Editor's Note: For more background on the change in pricing, see "China Unicom Unveils New 3G Packages," MD 5/04/10 issue.