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:

  • App Update: Monosnap, Net Monitor, iBackupBot, more - 1:32 PM EST
  • Briefly: Vaio Win 10 compatibility unknown, Open Internet appeal Dec 4 - 12:58 PM EST
  • Another 40 US institutions add support for Apple Pay - 12:49 PM EST
  • Apple refutes Cupertino-lead MVNO rumors with definitive statement - 12:17 PM EST
  • Opinion: Evernote chose the wrong free feature to mess with - 12:08 PM EST
  • Hands On: Swipes 1.0 (OS X, iOS) - 10:43 AM EST
  • Apple privilege escalating bug exploited in new adware installer - 10:42 AM EST
  • Researchers claim to discover multiple ways to bypass Square security - 10:39 AM EST
  • MacNN Deals: Charge your devices with battery packs, surge protection - 9:22 AM EST
  • Seagate and Micron roll out SAS SSD with up to 1800MB/s speeds - 9:19 AM EST
  • HighPoint launches USB 3.1 PCIe adapter, two drive docks - 9:01 AM EST
  • Telstra offers free year of Apple Music with iPhone 6 contract - 8:39 AM EST
  • Epson rolls out five printers in new low-cost consumable EcoTank line - 8:30 AM EST
  • Hands On: Firo 3.0 (iPad) - 8:30 AM EST
  • Hands On: Griffin Premium Braided Lightning Cable - 7:22 AM EST
  • Briefly: Amazon Echo in Staples, Amazon Prime sharing restricted - 6:49 AM EST
  • The MacNN Podcast, episode 26: I can't put down this anti-gravity book - 5:36 AM EST

    Today's iPodNN Stories:
  • So long, and thanks for everything! - 2:31 PM EST
  • Lizard Squad member convicted over 50,700 computer crime charges - 9:58 AM EST
  • Microsoft offers grants to universities for HoloLens research - 7:25 AM EST
  • LG Display starts mass production of AIT display panels for notebooks - 7:47 AM EST
  • Briefly: EE fined £1M in UK, Unofficial YouTube app on Android Wear - 11:14 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.