Apple Offers Payment Plan for New Products in China

Chinese buyers to make payments for Apple products

Jan 17 2013, 3:10pm CST | by Shane McGlaun

15 Updates

Apple Offers Payment Plan for New Products in China

Apple has a new plan for competing in the Chinese market where low-cost devices tend to rule. Apple has announced new payment plans that will allow Chinese users to pay out purchases ranging from...

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Updates to this story

Apple

Source: EssayClub.com

“Apple 2010, Inc.” By: David B. Yoffie and Renee Kim, Harvard Business School Cases, March 2011 Apple was founded by a pair of two college drop outs, named Steve Jobs and Steve Wozniak. They started to work and create the first appl ...
Full article at: EssayClub.com More like this 53 minutes ago

Update: 14

Quote:
"Apple cannot decrypt that data"

Source: The Borneo Post

Update: 13

Apple iOS 7 compatibility: which devices support which features?

Source: Pocket Lint

Apple introduced iOS 7 and a slew of shiny, new features earlier this month at WWDC. And, while many fans were excited for the overhauled software, there were likely others left wondering if their device would eve ...
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Update: 12

Apple executive defends pricing and contracts in antitrust case

Source: The San Jose Mercury News

e-book prices went up as a result of agency pricing, he noted that many titles might not have become available in any digital store at all if Apple had not introduced agency pricing to the market. He said he learned from his ...
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Update: 11

Apple Youtube Videos

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Update: 10

Court evidence: Jobs read Apple rumor sites, queried Cue on reports

Source: MacNN

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Update: 9

Apple Expands Jony Ive’s Title to Cover All ‘Design’

Source: The Mac Observer

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Update: 8

Apple’s Eddy Cue Details Steve Jobs Interest in iBooks

Source: The Mac Observer

Eddy Cue, Apple's senior vice president of Internet Services, took the stand one more time on Monday in the U.S. Department of Justice's antitrust suit against the company. Mr. Cue was questioned by Apple's attorneys about the process of building the iBo ...
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Update: 7

Apple holds a quarter of e-book market, Eddy Cue says

Source: CNET

But Barnes ...
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Update: 6

Apple Branding

Source: OpPapers.com

Jeffrey S. Yaede BUS 620 Marketing Management Dr. Ray Powers January 22, 2013 The Apple brand experienced a creative, marketing, and competitive edge under the leadership of Steve Jobs. From the iPod and iTunes to the iPhone and the iP ...
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Update: 5

Apple issues details on US data requests

Source: GulfToday.ae

WASHINGTON: US tech giant Apple revealed on Monday it received between 4,000 and 5,000 data requests in six months from US authorities, days after Facebook and Microsoft released similar information. App ...
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Update: 4

Apple details government requests for data

Source: New Haven Register

NEW YORK — Apple says it received between 4,000 and 5,000 requests from U.S. law enforcement for customer data for the six months ended in May. The company, like some other businesses, had asked the U.S gove ...
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Update: 3

DoJ v. Apple e-book trial moves into defense phase

Source: Electronista

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Update: 2

Week Three of Apple Trial Underway

Source: EContent

One of the biggest challenges for both the defense and prosecution in the Apple anti-trust case is that the man at the company's long-time CEo, the late Steve Jobs, is around to testify. In his stead, Eddy Cue -- often referred t ...
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Update: 1

Apple exec challenges e-book conspiracy

Source: Bangkok Post

A top Apple executive downplayed the theory of an e-book price-fixing conspiracy at an antitrust trial Monday, saying publishers were already moving away from Amazon's model when Apple launched its iPad. Eddy Cue, an Apple senior vice president, speak ...
Full article at: Bangkok Post More like this 5 hours ago, 2:49pm CDT

Full Story

Apple Offers Payment Plan for New Products in China

Apple has a new plan for competing in the Chinese market where low-cost devices tend to rule. Apple has announced new payment plans that will allow Chinese users to pay out purchases ranging from approximately 300 yuan to 30,000 yuan made through Apple's Chinese website. Apple isn't doing any financing directly.

Rather, the plan requires the users to qualify for a China Merchants Bank credit card and has fees ranging from 0 to 8.5%. Presumably, the interest rate depends on the user's credit and the amount of the purchase. Apple is struggling to make its high-end products more affordable for Chinese buyers.

The average Chinese citizen makes a fraction of what consumers make in the US, but the Chinese market is one of the fastest-growing for the computer and technology industry in the world. The price of the iPhone 5 in China is 5288 yuan, which is about six weeks worth of pay for the average urban worker.

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Shane McGlaun
Leading our review center, Shane McGlaun (Google) knows technology inside out. His extensive experience in testing computer hardware and consumer electronics enable him to effectively qualify new products and trends. If you want us review your product, please contact Shane.
Shane can be contacted directly at shane@i4u.com.

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