Apple’s off to a slow start in iPhone sales in China, with carrier partner China Unicom confirming 5,000 sales of the device so far, since it went on sale last week.
Company president Lu Yimin characterised iPhone prices as “not expensive” during today’s Unicom shareholders meeting in Hong Kong. However, the iPhone costs maybe 26 per cent more than similar smartphones in Hong Kong, which industry observers fear may depress sales of Apple’s device in the world’s most populous country.
Over 700 million Chinese subscribe to wireless services. It’s estimated Apple may sell 460,000 iPhones each year in China - which Bloomberg reflects is less than the number of grey market iPhones currentl
