Apple is placing a big bet on China for iPhone XR sales, with the American company earmarking two-thirds of its global supply for Chinese consumers in the first batch of sales, according to a report. Among the more than 3 million iPhone XR handsets in the first batch of global sales, Apple has allocated over 2 million units for the Chinese market, reported Sina News, citing information from supply chains. The move shows that Apple has confidence in iPhone XR sales in China, as the cheaper and more colourful model retails at 6,499 yuan ($937), and was forecast to become the most popular iPhone model in the next two quarters, the Sina report said. Apple is losing its lustre in China, with its new iPhone launches no longer attracting as much attention as they did in the past. In late September, when the US company officially launched its iPhone XS and iPhone XS Max, the cost of any new iPhone models fell below official price tags because scalpers were only willing to pay up to 2,000 yuan more for the iPhone XS Max 512GB model and resell them for even higher prices, while all other new iPhone editions could be purchased below their official price tags as supplies were ample and the phones were viewed as expensive. Apple’s high-end iPhone XS Max is priced at 12,799 yuan for the 512GB version on its official website, 30 percent higher than the same unlocked edition sold in the US. The lowest-priced iPhone… [Read full story]
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