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Apple fans display Apple's new iPhone 5S and 5C/AFP

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Apple buyers rue high price of new ‘low cost’ iPhone

In an interview with Bloomberg Businessweek published Thursday, Apple chief executive Tim Cook said quality had always been the driving force.

“We never had an objective to sell a low-cost phone,” Cook told the magazine. “Our primary objective is to sell a great phone and provide a great experience, and we figured out a way to do it at a lower cost.”

Wang Ying, a Beijing-based analyst with consultant firm iResearch said Apple appeared to have missed a trick by not reaching a deal with China Mobile — the country’s largest carrier.

Currently, Apple has sales contracts with China Unicom and China Telecom.

“Cooperating with China Mobile will be a significant channel for Apple to… win more users.”

‘Handsome boy, are you selling your phones?’

Despite their simultaneous availability in China — the first time Apple has brought the country online in the initial wave — Hong Kong’s resellers were pouncing, hoping to flip the phones for as much as double what they paid.

“Handsome boy, are you selling your phones?” a reseller was heard discreetly saying, before leading new iPhone 5S owners to the back stairs of the shopping mall to carry out the transaction.

The much-coveted gold-coloured iPhone, which resellers thought would attract a real premium in status-conscious Hong Kong, was nowhere to be found.

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“I haven’t seen a gold one yet,” a reseller, who declined to give his name, told AFP an hour into the launch.

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