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Look, I’m sure demand is fine however whatever you hear about Apple in Asia having lower demand, it is true. I have lived and worked in Asia 20 years and without question, hardly any middle income people use iPhones any more. I’ve asked why and the answer I get all the time is it’s too expensive and you get a bigger phone with the android manufacturers devices.
This is all started when the iPhone 5 was released when Samsung was producing larger phones. Apple didn’t recover. The market is probably bigger for phones but not just iPhones.
As for the latest phones, it used to be in Hong Kong that if I didn’t place an on line order in the first minute of availability I’d miss out for 3 months. This time I was hours late to be able to try for an XS Max and I could get one for delivery on the 22nd.
Apple giving our second had phones to replace a phone under warranty has a very real effect on Hong Kong. There is a thriving trade in industry where you can get cash for your old phone to be resold on. They will not buy a phone that is not a HK serial number, and Apple give out phones that were originally sold in other countries.
I have been caught by this and was unable to sell my iPhone 6.
Apple have an obligation to replace the phone with a new phone imho. Consumer protection should be upmost. Apple have billions in reserve to look after customers in a civilised way.