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I suspect a lot of money in the China flows illegally, out of the sight of the tax man (black money, money that is off the books), so having an iPhone could be
by kumarvvr 8y ago
I suspect a lot of money in the China flows illegally, out of the sight of the tax man (black money, money that is off the books), so having an iPhone could be one of the ways to spend such money, as it can't be deposited in banks or other track-able outlets.
Perhaps it's a status symbol too, shows that you are well to do and financially stable.
- kwizzt 8y agoI don't think the black money you proposed is very likely. If I have several thousand dollars of black money, that's not much and no one cares. OTOH, if you have a lot of black money, let's say in millions of dollars, buying a single iPhone doesn't really help at all. Yet buying a bunch of iPhone's seems to be very inconvenient unless you are selling them to someone else. Status symbol was more likely 5 or 10 years back. Nowadays not a lot of people actually care about what phones you are using (at least the ones I know, potential selection bias there). My guess is that people simply don't care about having an iPhone vs an Android anymore. Especially so when Android phones don't suck or can be better than iPhone now.