SHANGHAI (Reuters) – Apple Inc’s (AAPL.O) new iPhone SE for the budget-conscious is unlikely to be a major driver of sales in China, a Weibo survey suggested, with analysts noting its lacks of 5G capability.
In a poll conducted on social media site Weibo, 60% of roughly 350,000 respondents said they would not buy the new $399 model, the cheapest iPhone available.
But roughly a fifth said they would buy it, while the rest said they would consider a purchase. Though respondents were not asked for reasons for their choices in the poll, many commented that they would be interested if the price drops further.
“If you don’t buy it and I don’t buy it, tomorrow the price will drop another 200 yuan ($28),” said one Weibo user whose comment got more than 10,000 likes.
Apple’s market share in China – its third-biggest market, accounting for roughly 15% of its sales – has shrunk over the past several years as Chinese Android brands increasingly release higher-end phones.
The…
Source Reuters Tech News
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