China Unicom lowers price on iPhone 3GS

China Unicom has lowered its price on the iPhone 3GS amid shortages of the iPhone 4 in China. People’s Daily reports that Unicom is now selling 8GB 3GS units for 3,999 yuan, or roughly $600, a 1,000 yuan (~$150) discount over the previous price. Notably, these prices are for no-contract units—customers who sign a two-year contract will receive a refund of as much as 3,792 yuan. The iPhone 4 is not available from Unicom without a contract. [via M.I.C. Gadget]