Cheaper iPhone Still Not a Bargain in China

The Wall Street Journal
September 11, 2013 AT 5:24 AM
Apple held its first new product launch in China in Beijing, introducing consumers to two new iPhones. A cheaper model was thought to be aimed at developing markets, but will middle-income consumers in China spend more than $700 on a new phone? The WSJ's Deborah Kan talks with reporter Paul Mozur about Apple's prospects in China.