iPhone prices tumbling in Russia
Retailers have been forced to sell devices at discounts due to supply surge linked to parallel importation, media are reporting
Prices for iPhones in Russia have plunged by six to ten percent at large retail chains due to a market glut that followed increased supplies of Apple products through parallel imports, media reported on Tuesday.
The prices of some smartphones, depending on their modifications, have dropped by up to 10%, according to news outlet Izvestia.
Retailers have been forced to reduce iPhone prices due to overstocking, after numerous suppliers flooded the market with devices using a parallel import scheme and fueling…
