Chinese wireless carrier China Unicom racked up 100,000 reservations for the new iPhone 5 on the first day reservations were available. The smartphone is set to launch on the carrier network on December 14. The carrier has now received 200,000 reservations for the iPhone 5 in the first three days of availability.
The reservations require nothing more than a name and two forms of ID, so it's highly likely that a huge number will never show up to buy the phone. However, if a quarter of those who reserve the device show up, China Unicom should sell a huge number of iPhone 5 smartphones.
China Unicom says that it will offer a subsidy on the handset with a minimum deposit of $947 for the 16 GB version. The carrier will then refund credits monthly depending on the length of the contract the customer signs up for between one and three years. The 32 GB version will require a $1107 deposit to 64 GB version requiring a $1268 deposit.