Apple iPhone 4 to be Sold in China by September? (AAPL)

China Unicom, China's second-largest telecommunications company, may start selling Apple's AAPL iPhone 4 in September, Chinese state television reported on Thursday. "China Unicom has reached an agreement with Apple, and the iPhone 4 may enter the mainland market by as early as next month," the report said, citing a company statement released to the China Internet Conference in Beijing. According to a Reuters report, "China Unicom, the sole telecom distributor of Apple's iPhone, has seen slow sales for the popular handset because of high subscription fees and stiff competition from lower priced Android handsets." "The rumor has been out for the last couple of days. It is something positive for China Unicom but not very significant as I think most subscribers find the price of the iPhone too high," said Victor Yip, a Hong-Kong based analyst with UOB Kay Hian told Reuters. Apple could not be reached for immediate comment. Apple shares are down slightly in pre-market trade, to $253.00.