I read on a blog that iPhones is priced too high in China ($1000 w/o contract). WiFi is turned off.

Reference: http://stockinvestmentideas.blogspot.com...

As a company offers new service, it is careful to not lose due to demand that cannot be satisfied. AAPL may have priced this higher for the short term due to that reason.

In the US, the prices of iPhones dropped after the first month. If the same happens in China, then this may be a buying opportunity.

What do others think?