Organizers claimed that nearly 2 million Hong Kong protesters took to the streets Sunday in a rally to demand the city's top official resign a day after she suspended — but...China Politicsread more
The Fed is not likely to make a move on interest rates when it meets next week, but it should clear the way for a rate cut later in the summer.Market Insiderread more
Software engineers straight out of college often make six-figure salaries, not counting equity compensation.Technologyread more
Representatives from the Chinese side say they think it likely that Chinese President Xi Jinping will attend the G-20 meeting later this month. But in order to reach a trade...China Economyread more
In the survey, 66% of Democratic primary voters say they'd be enthusiastic or comfortable about Biden as their nominee to take on President Trump in the 2020 election. Just...Politicsread more
You can save money by doing a quick check and unsubscribing from apps you no longer use.Technologyread more
Investors are holding out hope that Fed Chair Jerome Powell lays the groundwork for a rate cut as soon as July. Even just one this year would be a mistake, says Amanda Agati,...Trading Nationread more
A company spokesperson said the outage was the result of a "an internal technology issue" and was not security related.Retailread more
Mired in a crisis over its best-selling 737 Max plane, Boeing could hand the spotlight over to its rival Airbus at the Paris Air Show.Airlinesread more
Using MIT's living wage calculator, CNBC Make It mapped out the minimum amount a single parent must earn to meet their basic needs without relying on outside help in every...Earnread more
Luckin's opportunity in China is "one of the world's greatest retail growth opportunities," according to KeyBanc Capital Markets.Investingread more
The U.S. tech giant started taking pre-orders for the smartphone on March 24 and has not released official figures. However, as of Monday in Beijing, total pre-orders on three retailing sites exceeded 3.4 million.
Despite the brisk pre-orders, though, Chinese vendors and scalpers are uncertain if the iPhone SE will be a sure bet like previous models.
"The new iPhone SE has no revolutionary update," one distributor in Henan Province told CNBC. "I don't think the demand will be as strong as the iPhone 6 and 6S." He is offering the iPhone SE at a $20 discount to the official price in China.
In the past, scalpers have been able to charge a premium of roughly $300 over the official price for a newly released iPhone, but one Hong Kong smuggler who refused to be named said he expected to charge just $30 above the listed price for the iPhone SE.
Vendors on Alibaba's Taobao site are offering the new phone at a discount of as much as $100, claiming the phones are being purchased from the U.S. where the SE sells for $399.
Apple could not be immediately reached to comment on the report.
China is a major market for Apple, which has seen its iPhone rocket to icon status in the country. The company says the iPhone SE could help expand its business in emerging markets including China even further, reaching a more budget-conscious consumer.
The official price of the 16GB iPhone SE in China is RMB3,288 (US$505).
The concerns about the new 4-inch screen iPhone are reflected in online discussions, as potential buyers weigh their admiration for the Apple brand with their desire to have a phone with a larger screen to watch movies and video clips.
Social media user Jessica Jiejie, who posted a screen grab of herself ordering a 64GB rose gold iPhone SE said, "Some people say switching from a big screen to a small screen is unacceptable but I prefer small screens and only Apple has the guts to make its screens smaller."
Another online user dismissed the new iPhone. "As a professional Apple fan, I am not interested in the iPhone SE and the iPhone 5C's poor sales prove my point," Afiefieyounigengmingmei writes, referring to the launch of a previous model that had been seen as a way to target price sensitive customers. "Big screens are the mainstream of the market."
Chinese consumers will be able to get their hands on the new iPhone SE when it launches on March 31.
—Additional reporting By Barry Huang