It hasn't been long since we speculated that releasing the iPhone 4 so soon to the iPhone 3GS might not be the best business move for Chinese provider China Unicom. According to The Inquirer we were right on the money with our predictions and that China Unicom has reported an astounding 54% profit drop for the 2nd quarter.
It's appropriate to be clear about how Unicom ended up carrying Apple's iPhone in the first place. China Mobile is the top dog in chinese cell service with over 500 million customers. Consequently they weren't about to acquiesce to Steve Jobs and his stern business model, so they told Apple to take their iPhone and have a nice life...