The China Price Ceiling
I asked a few Chinese friends why they thought domestic phones don’t tend to sell well past RMB 3,000, and got several variations of the same basic answer: once you’re spending that much anyway, why not just spend a little more to get an iPhone? A China Business News article on the phenomenon makes the same basic point.
Price is the main factor that killed Tomato: Tablet Maker Tomato Out Of Business.
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