Smart phone prices drop as new models enter market

DOMESTIC smart phone prices have dropped on average in the third quarter from a year ago as more mid-and low end devices entered the market, according to a latest industry report.

The average price of Apple's iPhone has dropped 27 percent to around 5,100 yuan (US$803) by the end of the third quarter, according to a report released by Analysys International today.

Prices of older iPhone4 models lowered after the iPhone4s was introduced in the overseas market last month.

Smart phones running Google's Android system experienced a 21 percent price drop in the domestic retail market to around 1,900 yuan as telecommunications operators increased customer subsidies, the research firm said.


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