Apple will finance Chinese online Apple iPhone purchases
posted by Alan F. / Jan 19, 2013, 12:44 PM
0% and 8.5% depending on the plan chosen. Buyers can finance over 12, 18 or 24 months and must open a credit card account with China Merchants Bank Co. As we previously noted, this financing option is good only for online orders, which must range from $50 to $5,000.
Currently, the Apple iPhone is only the 6th most popular handset in China. Apple CEO Tim Cook recently met with China Mobile officials and both sides discussed subsidizing the Apple iPhone among other topics. It is possible that this financing offer was put in place due to China Mobile's desire not to pay for subsidized handsets. While China is now Apple's second largest market, Cook predicts that it soon will be number one.
source: CNETAsia via eWeek
Posts: 99; Member since: Oct 07, 2012
making more money an no benefits of the USA
posted on Jan 19, 2013, 2:07 PM 4
Posts: 6794; Member since: Mar 29, 2012
I don't think American will submit to having to work thru Christmas, Boxing day and New year. That what apple is asking the Chinese to do. So you know why Apple is not bring their production back to US.
posted on Jan 19, 2013, 7:32 PM 0
Posts: 196; Member since: Aug 13, 2012
I know financing is done for a lot of products, but if they've got to offer financing to sell the devices, doesn't it prove that hardly anyone can afford them? Instead of looking into the reasons why it's not selling well, it seems Apple would just rather put people into debt than reduce their profits.
posted on Jan 19, 2013, 3:31 PM 2
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