BoQ77
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Do you? in paper ?
Chinese press are starting printing articles titled” Bye，Apple“。
Chinese press envies the success of Apple ?
Apple iPhone 6 in China: 1 million pre-orders in 6 hours
- Thread starter BoQ77
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Do you? in paper ?
Chinese press envies the success of Apple ?
vietnamese_sausage
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Is that. really true? $600m in 6 hrs is greatChinese press are starting printing articles titled” Bye，Apple“。
faisal6309
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Not in paper, in specification too.
BoQ77
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China's rising exports may not be what they seem
an hour ago
China just reported a much higher than expected 15 per cent jump in exports for September. Some economists are sceptical about the often unreliable data.
As the FT has consistently reported, the nation's recorded exports are regularly distorted by illicit bets on the Chinese renminbi. China's currency regulator allows foreign currency into the country for trade purposes, but not for bets.
So the nation's business people often fake overseas sales of goods to take a punt on the rise of the renminbi, in a way that evades the country's tight controls on the flow of money across its borders.
How does that work?
In a hypothetical scenario, a Chinese factory owner who has been banking the US dollars paid to him by his overseas customers in Hong Kong but now wants to own more renminbi instead, could fake sales to a "customer" in the territory, which is really a specially created shell company.
Such a sale, although not real, could persuade China's currency regulator to allow the foreign money in so it can be swapped for renminbi.
As the below chart shows, reported exports (green line) have followed the same path as the Chinese currency as it has risen against the dollar (red line).
Liu Li-gang, an economist at Australian bank ANZ, notes that while China's exports rose last month, much of the gain came from a large rise in sales to tiny Hong Kong, instead of China's trading partners in the US or Europe.
Mr Liu writes:
Notably, China's exports to Hong Kong accelerated to 34.0% y/y in September, versus -2.1% in the prior month, coincident with the renewed RMB appreciation in the past few months. This triggers the concerns that speculative trade flows to ride on RMB appreciation could have reemerged. Thus, the trade development between Hong Kong and Mainland China needs to be closely monitored.
Louis Kuijs, of RBS, also observed the curious phenomenon that China's export growth is vastly outpacing world trade growth - and at a time when the IMF has warned of a global slowdown and German exports have plunged.
Mr Kuijs wrote:
In all, China's exports significantly outpaced overall world trade growth in Q3. Global trade rose by 2.8% in July in real terms according to the Central Planning Bureau of the Netherlands, the last month for which this data is available.
But there is a chance the data was real and the reason was iPhones.
Economists at Nomura led by Chang Chan Hua wrote:
Yes. specification in paper.
(Reuters) - Apple Inc said it sold more than 10 million iPhones in the first weekend after its new models went on sale on Friday, underscoring strong demand for phones with larger displays.
an hour ago
China just reported a much higher than expected 15 per cent jump in exports for September. Some economists are sceptical about the often unreliable data.
As the FT has consistently reported, the nation's recorded exports are regularly distorted by illicit bets on the Chinese renminbi. China's currency regulator allows foreign currency into the country for trade purposes, but not for bets.
So the nation's business people often fake overseas sales of goods to take a punt on the rise of the renminbi, in a way that evades the country's tight controls on the flow of money across its borders.
How does that work?
In a hypothetical scenario, a Chinese factory owner who has been banking the US dollars paid to him by his overseas customers in Hong Kong but now wants to own more renminbi instead, could fake sales to a "customer" in the territory, which is really a specially created shell company.
Such a sale, although not real, could persuade China's currency regulator to allow the foreign money in so it can be swapped for renminbi.
As the below chart shows, reported exports (green line) have followed the same path as the Chinese currency as it has risen against the dollar (red line).
Liu Li-gang, an economist at Australian bank ANZ, notes that while China's exports rose last month, much of the gain came from a large rise in sales to tiny Hong Kong, instead of China's trading partners in the US or Europe.
Mr Liu writes:
Notably, China's exports to Hong Kong accelerated to 34.0% y/y in September, versus -2.1% in the prior month, coincident with the renewed RMB appreciation in the past few months. This triggers the concerns that speculative trade flows to ride on RMB appreciation could have reemerged. Thus, the trade development between Hong Kong and Mainland China needs to be closely monitored.
Louis Kuijs, of RBS, also observed the curious phenomenon that China's export growth is vastly outpacing world trade growth - and at a time when the IMF has warned of a global slowdown and German exports have plunged.
Mr Kuijs wrote:
In all, China's exports significantly outpaced overall world trade growth in Q3. Global trade rose by 2.8% in July in real terms according to the Central Planning Bureau of the Netherlands, the last month for which this data is available.
But there is a chance the data was real and the reason was iPhones.
Economists at Nomura led by Chang Chan Hua wrote:
In our view, the stronger export growth may have been supported by a pickup in foreign demand and the recent successful launch of Apple‟s iPhone 6
Yes. specification in paper.
(Reuters) - Apple Inc said it sold more than 10 million iPhones in the first weekend after its new models went on sale on Friday, underscoring strong demand for phones with larger displays.
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cirr
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Envy？Lol。Only a cheer-leader for the US like you would envy the success of Chinese manufacturing、
No。It is the reality on the ground。Apple phones are no longer as sought after as they used to be。
The 6 million pre-order is pent-up demand resulting mostly from the delay in product release in China.
To stand still，Apple needs to sell at least 4 million phones each month and for the next 12 months。There are simply not so many takers around now a days.
Clamouring for iPhones no more.
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faisal6309
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cirr
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Not for a market of China's size.
Rather it is peanut.
Apple needs to keep up the work and sell at least 4 million phones each month for the next 12 simply to do as well as it did with iPhone 5.
Come on. I think there was a 7 for 1 stock split.
A Glum Sign for Apple in China, as Smuggled iPhones Go Begging
By PAUL MOZUR and SHANSHAN WANGSEPT. 28, 2014
Apple’s latest iPhones, hidden in a box of tea and seized by Chinese customs. Gray-market iPhones, once a hot item, are selling poorly on the mainland.CreditChina Daily/Reuters
HONG KONG — When Apple’s latest iPhones went on sale this month in Hong Kong, Singapore and New York, among the hip urbanites and tech-obsessed was another group clamoring for the devices: Chinese scalpers looking to make a premium by flipping the phones to smugglers.
But the gray market for the new iPhones has already dried up, even though they will not officially go on sale in China for a few weeks, at the earliest.
Wholesalers who helped orchestrate the smuggling of tens of thousands of the phones into the country are now slashing prices to move inventory. At an electronics market in central Beijing, one retailer was recently selling the low-end iPhone 6 and 6 Plus for 6,500 renminbi to 8,800 renminbi ($1,060 to $1,436), down from 12,000 renminbi to 15,000 renminbi ($1,960 to $2,450) just after the release.
“Stocks of the iPhone 6 are way too high right now,” said one wholesaler of smuggled iPhones in Beijing’s northwestern tech hub Zhongguancun.
The smugglers’ experience represents the new reality for Apple in China。
Gray-market iPhones being resold in Hong Kong. Competition and mistrust of Apple in mainland China have hurt illicit sales. CreditLam Yik Fei/Getty Images
Four years ago, the iPhone 4 was a status symbol, with the black market booming before the product was officially introduced. Today, the iPhone is simply one option among many, as local companies like Xiaomi and Meizu Technology rival Apple in terms of coolness while charging less than half the price.
A spokeswoman for Apple declined to comment on the smuggling.
The primary route the iPhones have taken into China is via Hong Kong, according to the wholesaler, who declined to be identified because of the illegality of some parts of the operations. Scalpers organize Hong Kong customers with local identity cards to preorder phones that the scalpers then collect outside the store, paying about $325 extra per phone. The phones are then smuggled to wholesalers in Guangdong, across the border from Hong Kong, and from there are shipped to cities across China.
When the prices were high, early last week, the wholesaler said he was making more than $163 per sale. But his profit margins have dissolved as prices have fallen. “This year the scalpers’ losses will be big,” he said.
China is a fast-growing market for Apple, which competes with Samsung for control in the high-end smartphone segment. In January, Apple brokered a long-delayed deal with the country’s largest telecom company, China Mobile, which has helped bolster sales. The largest smartphone market in the world, China accounted for 15.9 percent of Apple’s revenue in the last quarter.
The new models will help Apple solidify its position in the country. In China there are about 50 million iPhone users, according to Kitty Fok, a managing director of the research firm IDC. She estimates that the company will sell about four million phones a month as customers swap their old iPhones for the new ones.
But both Apple and Samsung face stiff competition from local brands, which have been offering cheaper phones with high-end features. As Samsung’s sales slipped this year, the company was replaced by Xiaomi as the country’s largest smartphone maker, according to the market research firm Canalys.
“The local players aren’t only playing the price game,” Ms. Fok said. “They have products that cater to the local market, big screen sizes, optimized connectivity for China and dual SIM cards.”
The Chinese government is not making things any easier. An intensifying crackdown on corruption in the country has led officials, who in the past were known to spend big on luxury products like iPhones, to tamp down on lavish purchases.
The government has also signaled that it would take measures to curb government reliance on electronics made by foreign companies after disclosures by the former National Security Agency contractor Edward J. Snowden about United States government surveillance. In a statement issued this month, Apple’s chief executive, Timothy D. Cook, said the company had never cooperated with the government of any country to provide access to customer data.
At a conference this month, Wei Jianguo, the director general of the China Center for International Economic Exchanges, said that the Shanghai government had told its employees to use Huawei phones instead of phones produced by Apple or Samsung, according to a transcript posted on the news portal Sohu, one of the sponsors of the event.
Three government officials in Shanghai and Beijing said they had not heard about any formal notice to stop using foreign phones and said many in their departments still used iPhones. One of the officials in Beijing, however, said people in his office refrained from bringing in Apple computers or iPads, because they are a more conspicuous display of wealth.
Out of the gate, Apple is already a step behind with the iPhone 6. Last year, the company released the latest model in China at the same time it did in the United States, Japan and parts of Europe. This year, the release has been delayed as Apple awaits government approval, an often slow and unpredictable process.
The iPhone 6 is likely to get the final license before China’s National Day celebrations on Oct. 1, according to a person with knowledge of the plans who works for one of China’s state-owned telecom providers. If that happens, the new models will most likely begin selling in China a few weeks later.
The delay gives the smugglers a bit more time to get rid of their stock.
The recent scene at the electronics market in Beijing — a multistory mall crowded with stalls of vendors selling everything from calculators and hard drives to surveillance cameras and smartphones — was not encouraging. Only a few customers browsed in the narrow walkways.
No stalls openly displayed the new iPhones. On request, the vendors could procure the devices from a wholesaler. One vendor said the market for the phones was far worse than in past years but said he hoped a new crackdown on smuggling by customs officers would help push their price back up.
In recent days, Hong Kong’s marine police have played a cat-and-mouse game with smugglers who use speedboats to take iPhones into China. On Thursday night, the police ran off several men in a mangrove swamp loading boxes of iPhones into a flat wooden boat that would ferry them out to a nearby speedboat. They seized 286 iPhones, according to a statement from Hong Kong customs. In other instances, customs has found hundreds of phones concealed in the axles of trucks and in hidden compartments in cars.
A report from China’s state-run Xinhua news service said the government would auction off 2,000 iPhone 6s it had seized in the southern city of Shenzhen.
The vendor at the electronics market said that one way smugglers skirted the stricter enforcement was to walk the phones across the border two at a time. Usually those crossing the border take the phones out of the packaging to convince customs officials that the phones are their own, he said.
Tearing off the plastic on what appeared to be an unopened iPhone 6, he showed how the screen was already dotted with the fingerprints of whoever brought it into China.
“Right now at our market you won’t find a phone that is actually in its original packaging,” he said.
Paul Mozur reported from Hong Kong and Shanshan Wang from Beijing.
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William Hung
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I don't like Apple but what's wrong with Apple having some fanboys in China?
These fanboys will get to play with their phone and be happy with themselves, the govt gets to tax Apple.
Unlike some country, *coughVNcough*, that don't even know how to tax foreign companies properly.
These fanboys will get to play with their phone and be happy with themselves, the govt gets to tax Apple.
Unlike some country, *coughVNcough*, that don't even know how to tax foreign companies properly.
vietnamese_sausage
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Lol. 'you people ever heard of soap? Fucking stinks here...'. lol. stinky idiots waiting for iphone...
Hk police, take a cue from the new york cop on how to handle bitches.
BoQ77
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@Hu Songshan : I want to report this. It's nothing related to the topic but focus on insulting meaning.
Beidou2020
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LOL What?
Did you even read the article?
We could report you for trolling on every single thread related to China.
Beidou2020
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Shame on China!!
Dude, this whole report is pure BS.
1 million is nothing in China.
Apple is not even top 5 in smartphones in China.
It's just that the OP has a deep anti-China agenda because China is stronger than his country.
xunzi
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Apple Iphone success mainly on marketing. In fact, Apple had to spend billion annually to remind people of Iphone's uniqueness. If they stop marketing, Iphone would be just another phone on the market. So it is important that Apple continue to spend billion reinforcing that brand awareness. To keep profit, Apple has to keep selling Iphone at record price, all thanks to huge marketing expenditure. Right now, Apple's bloodline depend on our market. We are the savior of Apple, so to speak. LOL
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