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Apple Offers Rare Discount on iPhone 15 in China Amidst Intensifying Competition

Apple is offering rare discounts on its iPhone 15 series in China, cutting prices by as much as ¥500 ($70) to boost sales amid mounting competition
iPhone 15

Key Points:

  1. Apple is offering rare discounts on its iPhone 15 series in China, cutting retail prices by as much as 500 yuan ($70).
  2. The discounts are part of a time-limited Lunar New Year promotion.
  3. The move comes amid growing competitive pressure in the world's biggest smartphone market, as Chinese brands such as Huawei and Xiaomi continue to gain ground.
  4. Apple fans' reluctance to upgrade and the recent economic downturn has also contributed to the company's decision to offer discounts.

Apple has announced a rare discount on its iPhone 15 series in China, cutting retail prices by as much as 500 yuan ($70). The move comes amid mounting competitive pressure in the world's largest smartphone market, where Chinese brands such as Huawei and Xiaomi are making significant gains.

The discounts are part of a time-limited Lunar New Year promotion that will run from January 18 to January 21, 2024. Customers in China will be able to purchase the iPhone 15 and iPhone 15 Pro for up to 5% off their regular prices.

The discounts are a significant departure from Apple's usual pricing strategy, which typically involves maintaining high prices for its products. However, the company is facing increasing pressure to boost sales in China, where its market share has been declining in recent years.

"Apple is under pressure to stimulate demand for its iPhones in China," said Nicole Peng, senior vice president of research firm Canalys. "The company is facing competition from Chinese brands like Huawei and Xiaomi, which are offering more affordable smartphones with similar features."

Apple's decision to offer discounts is also likely influenced by the recent economic downturn, which has made consumers more price-sensitive. In addition, Apple fans' reluctance to upgrade to new iPhones has also contributed to the company's decision to offer discounts.

Despite the discounts, Apple is still expected to generate strong revenue from its iPhone business in China this year. However, the company will need to continue to innovate and offer competitive pricing to maintain its market share.

#Gnaneshwar Gaddam ⏩▶️⏮️ This is me - A Friend of People, Animals, and Robots. Founder and CEO of @Techapis.in & TechFosser.com . Building and shaping the Future :) “Life's most persistent and urgent question is, 'What are you doing for others?'”