Expected given the price and lack of innovation
I can provide a solution for this, Apple: CUT the prices.
The only time prices should be this high is when there's a big leap from the previous generation.
Apple would rather bleed marketshare just so they can protect that 38% profit margin. It's a fairly mature market now, there aren't as many revolutionary features in today's phones. Hard to believe that people don't want to shell out $1500 for a phone.
Looks like the guy in charge of innovation at Apple has taken a 6 year sabbatical.
Of course prices are gonna drop in all markets, they are not sustainable. No CEO in his right mind would keep prices as they are right now.
People are catching on that this phone is severely overpriced and not the premium status device the diehards like to believe. Too many premium devices in the market now.
If this is about Apple and its prices how do you all explain Samsung, LG and all the other big the companies that make big money in China revising their guidance, notifying their investors sales will be less than forecasted and so on? Some of them even more than Apple, despite the lower prices! I am curious.