Anecdotally, if you visit Shanghai or Beijing you will see iPhones everywhere - owning an Apple product in China will give you more 'street cred' than pretty mu

Anecdotally, if you visit Shanghai or Beijing you will see iPhones everywhere - owning an Apple product in China will give you more 'street cred' than pretty much any other consumer purchase. The amount of money people are willing to spend on their phones (in China) relative to their annual income is actually way, way higher than any rational economist might think (as do the authors of this article). The constraining factor in Apple's growth in China is supply (in manufacturing and distribution) rather than demand.