Interest Free Credit
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Apple hopes interest-free iPhones will boost slow Chinese sales
As smartphones get more expensive, and the innovation in new devices gets less grand, there's less reason to upgrade your device every two years. It's a problem for all device manufacturers which rely upon handset sales to grease the wheels of their business, but Apple thinks it has a solution. The company has teamed up with a number of Chinese banks to offer interest free credit on a number of new iPhone purchases.
