China Mobile Reduce Subsidies – Business Insider
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Original version, visit http://www.pcmag.com/article2/0,2817,2462582,00.asp?kc=PCRSS03069TX1K0001121
In the U.S., that’s why you’re able to buy an iPhone 5S for as little as $200. It normally costs $650, but you pay the carrier back over time by agreeing to a two-year service contract or other payment plan. China Mobile works a similar way. China Mobile said it will cut $2 billion from the subsidies it pays. That means customers will have to make up the costs up front. And this is potentially bad news for high-end smartphone makers like Apple and Samsung in China. They make expensive phones that appear affordable because of carrier subsidies.
Original version, visit http://www.businessinsider.com/china-mobile-reduce-subsidies-2014-8
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