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Apple online store lets Chinese buy on a two-year plan, puts iPads within reach
Apple has repeatedly stressed that China is important to its bottom line, but it faces a dilemma given the premium associated with its name: when it can take weeks' worth of typical pay to buy an iOS device, let alone a Mac, many locals either have to save up or else turn to alternatives. The company may not have truly low-cost devices -- at least, not yet -- but it is offering an olive branch in the form of installment plans. Chinese who order from the online Apple Store with a China Merchants Bank credit card can now buy virtually anything priced between ¥300 and ¥30,000 ($48 to $4,821) using up to 24 payments spread over two years. Much like in other countries, there's higher additional fees the longer the installments carry on. The strategy only helps a certain segment of the population for whom the up-front cost is the lone obstacle; that may be enough in the near future, though, given that there's still significant demand.
[Image credit: Sina Tech]
Filed under: Cellphones, Tablets, Mobile, Apple
Via: Bloomberg
Source: Apple (translated)
Original Link: http://www.engadget.com/2013/01/16/apple-online-store-lets-chinese-buy-on-a-2-year-purchase-plan/
Engadget
Engadget is a web magazine with obsessive daily coverage of everything new in gadgets and consumer electronics. Engadget was launched in March of 2004 in partnership with the Weblogs, Inc. Network (WIMore About this Source Visit Engadget