Apparently, Apple's latest flagship device, which has been a massive commercial success in markets all over the world, hasn't been so warmly welcomed by South Korean customers.
Consequently, local carriers have opted to drop iPhone 4S prices by up to $200 (£125), as Korea Times reports. SK Telecom and KT, the two carriers who have been offering iPhone 4S to their subscribers since November 3rd, have only managed to sell about 300,000 units, while they had "guaranteed" Apple the sale of 600,000 iPhone 4S by the year's end.
Market watchers cited by the Korea Times suggest that on South Korea's networks, which offer impressively fast connection speeds, 4G LTE smartphones are more popular than the latest iPhone, which doesn't have this technology.
The Korean newspaper points out that 620,000 4G LTE smartphones were sold in just one month. An official from one of the networks commented, "I can say that the iPhone 4S is disappearing from local shelves," although, "Tech-savvy Koreans are going for 4G LTE smartphones".
Selling the Apple's flagship iPhone at a discount after such a short space of time is very rare, as Apple tends to maintain the prices for its products despite difficult market situations. South Korean customers can get a 16 GB iPhone 4S for $500 (£320), while the 64 GB version costs $725 (£465).
On the other hand, we should read between the lines, since sometimes the South Korean media, and even the public at large, understandably tend to favour Apple's rival and local tech powerhouse, Samsung.