The real reason Apple is struggling in China: Its iPhones are priced at stratospheric levels

Most new iPhones cost more than a month of work for the average white-collar Chinese worker

Apple Inc.’s falloff in demand for iPhones in China shows the company’s flagship product is hurt by its high price and the rise of cheaper, more comparable competitors in the world’s biggest market. The company cited struggling iPhone sales in China when it c… [+2708 chars]
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