The iPhone 6 has so underwhelmed consumers that even smugglers who illegally shipped them to China are having to slash their prices. Criminal gangs who queued up for days in the US and Hong Kong to get the Apple devices have been forced to charge less than half because of falling demand. Users in China now see the iPhone as just another smartphone and not the special product that it once was. Scroll down for video The iPhone 6 has so underwhelmed consumers that even smugglers who illegally shipped them to China are having to slash their prices. Pictured is a smuggled sets of Apple iPhone 6 are displayed after being found hidden in a tea leaf box at the customs in Shenzhen, near the Hong Kong border, Guangdong province
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Criminal gangs who queued up for days in the US and Hong Kong to get the Apple devices have been forced to charge less than half
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In Beijing, one black market retailer was selling the iPhone 6 and the 6 Plus for between the equivalent of $1,060 (£650) and $1,436 (£885)
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Just after the phones came out they were selling on the black market for $1,960 (£1,200) and $2,450 (£1,500) - a decline of 54% and 58% respectively
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Legitimate retailers iPhone 6 for $649 (£539) and 6 Plus for $499 (£619)
When prices were good smugglers could expect to make around $163 (£100) per device but now one @placeholder seller said that his losses will be ‘big’.