Prices of gray market iPhones have fallen in China, according to a report by the Communist Party’s official house organ today.

As of Tuesday, prices of the iPhone 6 in the People’s Republic of China (PRC) were down as low as 7,200 yuan ($1,172 at today’s exchange rate) for a 16GB model, the People’s Daily reported (Chinese language version).

Meanwhile, the lowest price of a 16GB iPhone 6 Plus — the larger smartphone that boasts a 5.5-in. display — was 11,000 yuan ($1,791).

Just last week, the state-controlled Xinhua News Agency cited iPhone 6 prices starting at 13,000 yuan ($2,117 at the time) and iPhone 6 Plus prices as high as 20,000 yuan ($3,257) for “pre-orders” placed with sellers who expected to get their hands on the new devices almost as soon as they went on sale outside the PRC.

To read this article in full or to leave a comment, please click here

…