Despite China’s iPhone Ban, Buyers and Scalpers Are Flocking to Apple Stores
- China is expanding a ban on iPhones to some agencies and SOEs
- Scalpers are getting modest premiums for most iPhone 15 models
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Chinese customers flocked to Apple stores to buy the latest iPhone 15 despite government restrictions and local competition, an encouraging sign for the world’s most valuable company in its largest overseas market.
Hundreds of people lined up at an outlet in the Wangfujing neighborhood of Beijing, waiting for salespeople as scalpers hovered nearby. In Shanghai too, crowds packed Apple Inc.’s flagship store on East Nanjing Road.