Comment Currency conversions (Score 4, Insightful) 133
the phones are NOT selling for $5,000
iPhones can go for around ¥5,000 (US$700)
Oofda, that was some brainfart-induced whiplash. I'm used to seeing ¥ used for Japanese yen, not Chinese yuan / Renminbi, and at first I was gobsmacked at what had happened to the exchange rate. Then in my foggy morning brain, I rediscovered this thing called "Context" and realized I was tuned into the wrong channel.
JPY ¥5,000 ~ USD $32.91, at ¥1 ~ $0.0066 (two-thirds of a penny)
RMB ¥5,000 ~ USD $702.02, at ¥1 ~ $0.14
... I should go get some coffee.