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Why Apple is offering rare iPhone discounts in China
Rival technology giant Huawei has also cut smartphone prices in the run-up to the Lunar New Year holiday.
The four-day promotion, which starts this Saturday (4 January), includes discounts of as much as 500 yuan ($68.50, £55.30) on some of the US technology giant's newest handsets. From online retail giants to the country's car makers, deals are being offered in a bid to attract customers who have been reluctant to spend as the world's second largest economy slows. "We've seen market competition increase with almost everyone launching a flagship last quarter," said Ivan Lam, a senior analyst at Counterpoint Research.
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