‘iPhone 14’ being sold on pavement in China, price has also been reduced, still no buyers!

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iphone- china

There are some brands that have global acceptance. Apple is at the top of such brands, and people are ready to do anything to buy gadgets. As soon as the new series of iPhone, which has become a status symbol, there is competition among people to buy it. However, this time in China, a different view is visible in the market, whose discussions are on China’s social media.

Like every time in India, after the launch of a new model of iPhone in China, the business of black marketing and selling it at a high price starts gaining momentum. However, the people doing the black marketing of iPhone 14 in China have got a big setback this time. He is sitting on the road with his suitcase open but leaves the profit, no one is ready to buy a phone from him even in loss.

iPhone 14 being sold on the sidewalk
The black marketing of the thing which is in high demand has become a part of the market. They make a profit by taking the stock and then selling it at a higher price. While people used to give them more money in order to buy iPhones early, this time these people have to sell them at a price less than the official launch price. Pictures related to it are going viral on Chinese social media, in which people who have bought the phone in the hope of black marketing are now seen selling it on the pavement.

Why is the loss happening?
There are reasons why such people have to be defeated in the case of the iPhone 14. According to the South China Morning Post, this time the people of China are not liking the basic model of the iPhone 14, here only the demand for the iPhone 14 Pro is high. In such a situation, those who had stocked the basic models, they have suffered losses. Not only this, but people are also apprehensive of recession in the market, so they are satisfied with the old version only. Apart from this, the competition in the smartphone market is also the reason for this. Where these resellers of the market used to profit up to Rs 55000-66000 and said that now they themselves are ready to sell it even at a loss of 11 thousand.

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