Sticker Shock Doesn't Stop the Chinese From Buying iPhones

A woman counts Hong Kong dollar banknotes as people resell Apple Inc. iPhones across from the company's Causeway Bay store during the sales launch of the iPhone 6 and iPhone 6 Plus in Hong Kong, China. Photographer: Jerome Favre/Bloomberg

On Alibaba's vast Chinese shopping site, you can buy a pedicure-massage chair for $800. If you want to buy a new iPhone in China, it'll typically cost you more than that. Millions of Chinese do anyway.

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