The Shanghai Morning Post reported that a 4G iPhone sells for $771 while an 8G model sells for $1,037 in an electronics mall in Xujiahui area. Even though its much higher than the $600 debut price, the vendor claimed that seven to eight units are sold per week.
IPhones originally works only with SIM cards from AT&T in the U.S. However, unlocking service is locally available for $107 making the phone open to SIM cards from China's major mobile phone service providers-China Mobile and China Unicom.
Apple has yet to release iPhone anywhere outside the US and if you are living in China and have $1000 to spare, go check out the malls at Xujiahui. As for me, I m going to wait patiently for the the new iPhone that should come with 3g support.