iPhone faces challenge in crowded Chinese market
BEIJING (AP) - The iPhone's magic as China's must-have smartphone is eroding.
Last year, eager buyers in Beijing waited overnight in freezing weather to buy the iPhone 4S. Pressure to get it - and the profit to be made by reselling scarce phones - prompted some to pelt the store with eggs when Apple, worried about the size of the crowd, postponed opening.
Just 18 months later, many Chinese gadget lovers responded with a shrug this week when Apple Inc. unveiled two new versions of the iPhone 5. Today's market is glutted with alternatives from Samsung to bargain-priced local brands.
"There was no big change, no surprise at all," said Gu Lanjun, a 29-year-old employee at a Shanghai bank. Having bought the three most recent iPhone models as soon as they were released, she said, "I won't update this time."