Carriers See Huge Demand for iPhone 5 Ahead of Release

      December 03, 2012 09:38

      With Apple's iPhone 5 set for release here this Friday, SK Telecom and KT are putting up fierce competition to lure subscribers to their corresponding services. The number of iPhone 5 users is expected to reach between 1.5 million and 2 million by the end of this year.

      SK Telecom received over 50,000 pre-orders for the Apple gadget in only two hours after it began accepting them online, while demand over the same time span soared to 130,000 for KT.

      But it remains to be seen who will win the most new subscribers due to the potential number of cancellations. Both carriers offer the same pricing schemes. Under a two-year contract charging a monthly fee of W62,000, the 16 GB model will go for W261,600, the 32 GB model W393,600, and the 64 GB model for W525,600.

      LG Uplus will not provide the service. Instead, it plans to compete with homegrown devices to hold on to the second place in the LTE smartphone market.

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