Why the Chinese aren’t buying the Apple iPhone XR

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Analysts on Wall Street were tripping over themselves last fall to sing the praises of the Apple iPhone XR. The phone was supposed to be Apple’s response to consumers who complained about the pricing of the iPhone X in 2017; that phone became the poster boy for smartphone sticker shock as the $1,000 barrier was finally broken by Apple’s premium model. Most of these so-called experts said that the iPhone XR, once it launched in October, would become the top-selling iPhone among the trio of 2018 models. And while they were right about that, none of them expected overall sales to be as low as …

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