Criminal gangs who queued up for days in the US and Hong Kong to get the Apple devices have been forced to charge less than half because of falling demand.
The iPhone 6
has so underwhelmed consumers that even smugglers who illegally shipped
them to China are having to slash their prices.
Criminal
gangs who queued up for days in the US and Hong Kong to get the Apple
devices have been forced to charge less than half because of falling
demand.
Users in China now see the iPhone as just another smartphone and not the special product that it once was.
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| Criminal gangs who queued up for days in the US and Hong Kong to get the Apple devices have been forced to charge less than half because of falling demand. One iPhone seller in Beijing’s northwestern tech hub Zhongguancun said: ‘Stocks of the iPhone 6 are way too high right now’ |
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| Legitimate retailers are currently selling iPhone 6 at a starting price of $649 (£539) and 6 Plus for $499 (£619). Just after the phones came out they were selling on the black market for $1,960 (£1,200) and $2,450 (£1,500). They are now selling on the black market for the equivalent of $1,060 (£650) and $1,436 (£885) |
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| If the trend continues it could mean the end of smugglers queuing up at Apple stores at the launch of the newest iPhone, making unlikely companions to the tech-savvy 20-somethings who form the bulk of the line. Pictured are queues of people waiting to get their hands on the iPhone 6 and 6 Plus earlier this month |
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