Tag Archives | Apple

Surprise! Economists suddenly wake up to reality about China

“Forget the Crimea annexation or a U.S.-Russia standoff. The biggest international threat to U.S. economic growth is the slowdown in China, say economists polled by The Wall Street Journal (WSJ).” That was last week’s headline in the WSJ.  These, of course, are the same economists who have been busy telling us for years that China […]

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Apple’s iPhone launch marks retreat from China’s mass-market

Apple will report great sales this weekend from its iPhone launch in China.  But these cannot disguise its major problem in selling its high-priced iPhones there.  Its difficulties highlight the dangers for those who believe that China has now become a ‘middle-class’ country with most of the population having incomes close to Western levels. Back in 2010, the analysts […]

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Chinese buy $100 smartphones, not iPhones

One of the great myths of recent years has been that China – whose population mainly earns less than $10/day – has somehow become ‘middle class’. It is certainly true that some of China’s 1.3bn population have done well since the economy reopened to the world after Mao. And equally true that the house price […]

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