Is your cell phone becoming the new way to display your wealth? It seems to be heading in that direction in China, where iPhones are how you show the rest of society that you are not just wealthy but hip and cool just like me.
The buyers are willing to admit that the phone’s allure has a lot to do with the status it conveys. A 26-year-old woman in Shanghai who works for a media company said she had waited several weeks to get the iPhone 4, explaining that “Apple is a sign of coolness.”
Before the iPhone 4 went on sale in China, there was a dark underground where someone would walk into an Apple store and buy one without a contract for a “friend” or two before shipping it off to China for a hefty profit. This international trading of iPhone 4s would net the seller as much as “an average week’s pay” for one hour of labor.
Thanks to reader Xuanie for the link to this article!