Linked by Thom Holwerda on Sun 16th Dec 2012 16:25 UTC
Apple "Starting today, Walmart has dropped prices on both the iPhone 5 and iPhone 4S, with the 16 GB iPhone 5 now on sale for just $127 and the iPhone 4S coming in at $47." I'm sure a 33% price cut right ahead of the holidays is totally normal for a product of which demand outstrips supply. Right?
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RE[5]: Comment by Lorin
by MOS6510 on Mon 17th Dec 2012 08:01 UTC in reply to "RE[4]: Comment by Lorin"
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There are over one million US dollar equivalent millionaires in China. There are also tens of millions more relatively affluent middle class Chinese.

Well, that pushes the percentage up to 6%.

Now what about those other 94%, how many have a company phone, already have a relative new smart phone, how many are going to buy an iPhone 5 soon?

The iPhone is just a mass produced mobile phone. It isn't a luxury item.

Any device that can run Angry Birds is a luxury item.

If you want/need a phone a cheap one that can only make calls and sent text messages will do just fine. For the price of one iPhone you can buy cheap ones the rest of your life.

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