rtmark
LearnBonds.com

Foxconn Technology (OTCMKTS:FXCOF) Enters iPhone Resale Market In China

Foxconn Technology (OTCMKTS:FXCOF) is raising the stakes in the Chinese smartphone as it brings refurbished iPhones come to market in a fashion that could spoil the party for Android phones. Foxconn is offering second-hand official iPhones through its e-commerce marketplace at lucrative rates, which look geared at ruining the chances of Android smartphones in the Chinese mid and lower-tier markets.

fox

Android vendors like Samsung Electronics and Xiaomi, which has gained ground targeting lower spenders, are expected to feel the pinch of competitively-priced refurbished iPhones.

Foxconn giving one-year guarantee

Although Apple Inc. (NASDAQ:AAPL) is also offering the refurbished iPhones at its stores in China, it seems Foxconn is spearheading the iPhone trade-in program. The company is reportedly in charge of remaking and reselling the second-hand iPhones in addition to backing a one-year warranty on the refurbished handsets.

Foxconn reputation fueling demand

Foxconn is a major Apple Inc. (NASDAQ:AAPL) supplier. The company is also a partner of BlackBerry Ltd (NASDAQ:BBRY), currently in charge of BlackBerry’s handsets business. Robust demand has been reported for the refurbished iPhones, a development that looks clearly linked to the reputation of Foxconn for quality hardware products.

Lucrative pricing

Foxconn Technology (OTCMKTS:FXCOF) is offering the refurbished iPhones at competitive prices with a 16GB iPhone 5S model costing $338, far less than the half of the phone’s official price tag of $692 from Apple Store. The older iPhone models like the iPhone 5 and iPhone 4S cost $226 and $145, respectively. Foxconn is offering even a much better deal on iPhone 4 at $80.

Foxconn focuses on internals

The major difference between the second-hand iPhone Foxconn is providing and those from private stores in China is that Foxconn is making serious quality claims about its refurbished iPhones. The company is taking care of the internal components of the second-hand iPhones to ensure that consumers are able to get what is closest to a new iPhone.

However, the major drawback for Foxconn Technology (OTCMKTS:FXCOF) is that its iPhone reformed leave the phone casing largely unattended, leading to some devices coming out with what have been termed serious casing flaws. At the end of the day, Foxconn is running a crucial market campaign for Apple in China.

Trusted & Regulated Stock & CFD Brokers

Rating

What we like

  • 0% Fees on Stocks
  • 5000+ Stocks, ETFs and other Markets
  • Accepts Paypal Deposits

Min Deposit

$200

Charge per Trade

Zero Commission

Rating

64 traders signed up today

Visit Now

75% of investors lose money when trading CFDs.

Available Assets

  • Total Number of Stocks & Shares5000+
  • US Stocks
  • German Stocks
  • UK Stocks
  • European
  • ETF Stocks
  • IPO
  • Funds
  • Bonds
  • Options
  • Futures
  • CFDs
  • Crypto

Charge per Trade

  • FTSE 100 Zero Commission
  • NASDAQ Zero Commission
  • DAX Zero Commission
  • Facebook Zero Commission
  • Alphabet Zero Commission
  • Tesla Zero Commission
  • Apple Zero Commission
  • Microsoft Zero Commission

Deposit Method

  • Wire Transfer
  • Credit Cards
  • Bank Account
  • Paypall
  • Skrill
  • Neteller

Rating

What we like

  • Sign up today and get $5 free
  • Fractals Available
  • Paypal Available

Min Deposit

$0

Charge per Trade

$1 to $9 PCM

Rating

Visit Now

Investing in financial markets carries risk, you have the potential to lose your total investment.

Available Assets

  • Total Number of Shares999
  • US Stocks
  • German Stocks
  • UK Stocks
  • European Stocks
  • EFTs
  • IPOs
  • Funds
  • Bonds
  • Options
  • Futures
  • CFDs
  • Crypto

Charge per Trade

  • FTSE 100 $1 - $9 per month
  • NASDAQ $1 - $9 per month
  • DAX $1 - $9 per month
  • Facebook $1 - $9 per month
  • Alphabet $1 - $9 per month
  • Telsa $1 - $9 per month
  • Apple $1 - $9 per month
  • Microsoft $1 - $9 per month

Deposit Method

  • Wire Transfer
  • Credit Cards
  • Bank Account
Users should remember that all trading carries risks and users should only invest in regulated firms. Views expressed are those of the writers only. Past performance is no guarantee of future results. The opinions expressed in this Site do not constitute investment advice and independent financial advice should be sought where appropriate. This website is free for you to use but we may receive commission from the companies we feature on this site.
Avatar