China Scalpers Slash iPhone Duo Premiums by 2,800 Yuan as Durability Fears Hit Demand
Updated
Updated · South China Morning Post · Oct 26
China Scalpers Slash iPhone Duo Premiums by 2,800 Yuan as Durability Fears Hit Demand
1 articles · Updated · South China Morning Post · Oct 26
Summary
A Shenzhen vendor cut the premium on a 1-terabyte black iPhone Duo by 2,800 yuan to 24,300 yuan on Monday, a sharp reversal from prices above 25,000 yuan when sales began Friday.
Mixed early reviews of Apple’s first foldable iPhone drove the pullback, with social media complaints about durability and software compatibility glitches cooling demand in China’s scalper market.
The 1-terabyte black model had been among the most sought-after versions, but resellers were forced to give up hundreds of dollars in markup as buyer enthusiasm faded.
Lower prices brought some shoppers back, with the vendor saying interest rebounded slightly after the premium was reduced.