Apple may have struck a deal with China's largest mobile carrier, a move that could help the company finally gain a foothold in the promising market.
The Cupertino, Calif., tech giant is getting ready to ship low-cost iPhone models to China Mobile, according to the Wall Street Journal. The shipment supposedly consists of iPhone 5C units, a low-cost model of Apple's popular smartphone that is expected to be revealed Tuesday.
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If Apple has struck a deal with China Mobile, then the tech giant can now potentially sell its device to the Chinese carrier's 700 million subscribers.
This would be a boost for Apple, which has struggled to compete in China. There, Apple's sales figures lag behind many of its competitors, including some Chinese companies such as Lenovo and Huawei.
The cheaper iPhone 5C model is key to the deal as Chinese consumers have been reluctant to pay premium price for Apple's high-end iPhones. The iPhone 5 in China costs 5, 000 yuan, which is about $815, according to the Wall Street Journal.
It's unclear how much cheaper the iPhone 5C will be, but it should be more affordable than the iPhone 5S, the expected successor to the iPhone 5.
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Not just Wall Street2004-09-11 15:19:58 by Moe14
All 7 things in your original post are indeed causes for the price inflation (you're also forgetting a few like empty nesters from the suburbs trading in their house in Jersey for an apartment in the City). But your analysis quite honestly is really a "Craig's-list centric" kind of analysis.
You are forgetting the main thing that is driving outer-borough home prices - immigrants and ethnics. For every area in Brooklyn that's had housing prices driven up by the yuppies or whoever, there's 3 that have them driving up by upwardly-mobile immigrants. Many groups have their own financing systems, extended family to help with the mortgage, or rich members of the community willing to invest
Apple Shipping Low-Cost iPhone to China Mobile — Mac Rumors
Apple has asked Foxconn, its longtime contract manufacturing partner, to add China Mobile to the list of carriers slated to receive a new low-cost iPhone, one of these people said. It isn't clear when the phones would be delivered.