The slow-moving iPhone 5C just got even cheaper—at least in China
It is little wonder then that Chinese retailers have taken to knocking down the price on the cheaper model. Online resellers are now offering the phone at 3699 yuan ($604), a hefty mark down from the listed price of 4888 yuan, reports the Chinese business publication Caijing. (That is still more expensive than in the US, where the phone retails for $550 without a contract.) Apple reported on Monday that it had sold 9 million iPhone 5S and 5C models combined in the first three days of its release. Analysts have been skeptical, attributing a large portion of sales to stock sold to shops but not to consumers.