The “C” in iPhone 5C doesn’t stand for cheap: $733 in China

It looks like the new iPhone 5C(s aapl) announced today isn’t quite the low-cost iPhone for overseas markets such as China and other countries. The Tech In Asia blog hit Apple’s online store in China and found the price to beĀ 4488 RMB, which works out to US $733.

At this point, it’s fairly obvious that while Apple is making inroads with carriers in China, it’s not willing to accept less for its product. The iPhone 5C effectively replaces the current iPhone 5 while adding a few incremental updates and the new plastic casing available in a half-dozen colors.