China Unicom Confirms $733 iPhone

China Unicom will launch the iPhone this week, on Oct. 1. It will charge about $733 (5,000 yuan) for the device.

The carrier has a three-year exclusive deal with Apple Inc..

Users willing to sink that kind of money into the device will have eight different service plans to choose from, encompassing MMS, SMS, data and voice allocations.

The iPhone might give China Unicom a leg up in China’s competitive market, where China Mobile Ltd. is the No. 1 carrier. China Unicom is also bringing a Google Android device to market and has pledged more 3G handsets in the coming months.

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