MacNN | Apple's Chinese online store adds installment purchases
Mac News Network View: Standard | Headlines | Categorized | Slim
Mac News Network
Mac News iPod News Reviews Forums
 

Desktop Headlines
Apple's Chinese online store adds installment purchases
Wednesday, January 16, 2013 @ 12:44pm

The Chinese version of the online Apple store has added the ability to pay for products in installments, reports note. An order must cost between 300 yuan ($48) and 30,000 yuan ($4,800), and buyers must have a China Merchants Bank credit card. Through January 23rd, three- to 12-month installment purchases are interest-free. An 18-month payment carries 6.5 percent interest, while going up to 24 months raises the interest rate to 8.5 percent.



The setup is likely a way of coping with the fact that many Apple products are too expensive for the average Chinese worker. A 16GB iPhone 5 costs 5,288 yuan ($850), or more than the average worker's monthly pay. A Mac can often be completely out of range, since even the Mac mini starts at 4,488 yuan ($722) without a monitor.

Comments on this Article
Print Friendly Version
Email to a Friend
Add MacNN to Your RSS Feeds
Buy from the Apple Store


Related Stories:

Today's MacNN Stories:

  • Home Depot faces 44 civil lawsuits from breach, spent $43M on fallout - 5:21 PM EST
  • Skype 7.2 fixes bugs, improves chat readability - 3:54 PM EST
  • StealthGenie spyware app creator pleads guilty, fined $500,000 - 3:16 PM EST
  • Natalie Portman in talks to join Universal's Steve Jobs biopic - 2:45 PM EST
  • AT&T responds to FCC over 'frozen' fiber build, calls agency mistaken - 1:32 PM EST
  • Apple may lean heavily on Samsung for iPhone 6, Apple Watch parts - 1:15 PM EST
  • Briefly: Civilization: Beyond Earth OS X ships, new Geometry Wars 3 - 12:55 PM EST
  • Holiday Gift Guide: Audio gear - 12:33 PM EST
  • Union, Rev. Jackson push for better terms for Apple security guards - 11:34 AM EST
  • Pre-Black Friday Deals: 5TB HDD, iPads, 4k2k display, Steam sale - 11:22 AM EST
  • iPhone 5c production to halt in mid-2015, report says - 10:40 AM EST
  • Shareholder suit accuses GT Advanced of failing to disclose risks - 9:32 AM EST
  • Judge grants Apple post-judgement royalties from second Samsung trial - 9:24 AM EST
  • Review: iDrive cloud backup and sync service - 8:22 AM EST
  • Hands On: Snoopy's All Star Football (iOS) - 7:44 AM EST

    Today's iPodNN Stories:
  • Amazon cuts Fire Phone price a second time to $199 unlocked - 12:57 PM EST
  • Samsung plans $2B share buyback, sale of defense and chemical assets - 11:22 AM EST
  • Sony reportedly working on smartwatch with e-paper screen, band - 8:53 AM EST
  • Analysis: Sony's PlayStation Vita settlement could cost up to $28.7M - 7:25 AM EST
  • Samsung considering leadership change for declining mobile division - 1:13 AM EST
  • No comments posted on this story yet. Please post yours.
    Your Comments
    In order to post comments, you must be a registered member of the MacNN Forums and logged in. Please login with your MacNN Forums username and password.

    MacNN Forums Login:

    MacNN Forums Password:

    Not a member of the MacNN forums? Register now for free.