Smartphone Users Disconnect From Latest Models
Demand for smartphones in China has become so low that Apple Inc.’s flagship iPhone X is selling for less than its official price.
The 6% price difference of a silver, 64-gigabyte iPhone X on online retailer JD.com and Apple’s official Chinese site epitomizes the current sluggish demand for phones in the world’s most-populous country.
Smartphone shipments in China declined nearly 10% to 448 million units in the first 11 months of 2017, while the number of new models launched by manufacturers plummeted 27% to 964, according to the Ministry of Industry and Internet Technology.
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