Scalpers in mainland China are slashing prices on Apple’s newly released iPhone Duo after the US tech giant’s first foldable smartphone drew mixed early consumer reviews over durability and software glitches.
In Shenzhen’s Huaqiangbei electronics market, a vendor surnamed Shen on Monday cut the premium on a black iPhone Duo with 1 terabyte of memory – one of the most popular models – by 2,800 yuan (US$420), bringing the asking price down to 24,300 yuan from more than 25,000 yuan when the device hit shelves on Friday.
Interest rebounded slightly once prices softened, Shen said.
