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An $864 iPhone? China Says Yes, Please

Tuesday 21 October 2014 @ 1:47 am

If you want to buy a new iPhone in China, it’ll typically cost you more than that. On Apple’s earnings call today, CEO Tim Cook said 20 percent of iPhone purchases in Greater China (encompassing the mainland, Hong Kong and Taiwan) are subsidized, meaning the customer’s mobile carrier covers part of the cost of the device — the standard system in the U.S. The iPhone 6 goes for 5,288 yuan ($864 …

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