While the iPhone got an official announce for China last month, its retail pricing and delivery date have remained a mystery. That's going to change later today when China Unicom is expected to announce an October 1st launch for Cupertino's darling. Eight service packages ranging in price from 126 yuan (about $18) to 886 yuan (about $130) per month will be available to Unicom's 141 million subscribers from a pool of 700 million cellphone toting Chinese. How much will it cost? 5,000 yuan or a steep $733 green retail. Subsidies of about 893 yuan (about $131) to 4,253 yuan (about $623) will be offered for those signing to long-term plans on Unicom's fledgling 3G network. Looks like somebody's standard of living is on the rise.

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China Unicom prices iPhone for October 1st launch