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Apple Offers iPhone Discounts in China as Competition Intensifies


Apple is offering rare discounts of up to 500 yuan ($68.50) on its latest iPhone models in China, as the U.S. tech giant moves to defend its market share against rising competition from domestic rivals like Huawei. From a report: The four-day promotion, running from Jan. 4-7, applies to several iPho...

Apple is offering rare discounts of up to 500 yuan ($68.50) on its latest iPhone models in China, as the U.S. tech giant moves to defend its market share against rising competition from domestic rivals like Huawei. From a report: The four-day promotion, running from Jan. 4-7, applies to several iPhone models when purchased using specific payment methods, according to its website. The discounts come as consumers remain cautious with spending amid China's slowing economy and deflationary pressures, with the country's consumer inflation hitting a five-month low in November.

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