There are wealthy entrepreneurs, there are children of wealthy entrepreneurs, there are wealthy landlords. A lot of my customers, who are white-collar, have ma

There are wealthy entrepreneurs, there are children of wealthy entrepreneurs, there are wealthy landlords. A lot of my customers, who are white-collar, have made good money in the stock market over the past decade and also in the real estate market. But to be honest a lot of it is a matter of confidence. My Chinese customers definitely don't make as much as their American counterparts on average, but there is a sense that life is getting better and better, they're making more and more money, they have savings in the bank, so it's OK to splurge from time to time. I would say 40-50% of my Chinese social circle owns an iPad, even though they probably only pull in 20-30k USD a year.