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APPLE HAS THE GO AHEAD TO SELL IPHONE 6 IN CHINA

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APPLE HAS THE GO AHEAD TO SELL IPHONE 6 IN CHINA

Sept 30 2014, 11.00am GMT

Stock.com

Apple (APPL) has secured approval from the Chinese government to sell iPhone 6 under certain conditions. The license comes with the proviso that APPLE will not allow ‘any country or government agency’ backdoor access to the new devices or the data held on users.

October 17th is the provisional date for the retail release of iPhone 6 into Chinese shops, having missed the initial launch of the latest APPLE phone on 12 September. Over that first weekend, sales of the iPhone topped out at 10 million, and estimates of Chinese sales, especially the larger 5.5 inch screen device, are seen as crucial to sustaining the current 15.8 per cent of APPLE’s total quarterly revenue, accrued from the Chinese Republic.

Conditions of privacy arose due to the flaws in APPLE’s software  - these are now identified and APPLE has agreed to rectify according to their agreement with China.

The suggested retail price of the new iPhone will be Rmb5,288 to Rmb7,788 ($860-$1,270), significantly more than the U.S price tag for iPhone 6 and iPhone 6 Plus at $199 and $299 respectively.

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