Ever bought a discounted new phone from Apple?
But in China, Apple is slashing the price of some of its latest iPhones by $70 amid worries that Chinese consumers have cooled on the brand.
That would save a buyer about 6 to 8 percent, based on prices on Apple’s China website.
Cutting prices on high-end electronics to buyers in China is an unexpected move for Apple, one that highlights the challenges the American company faces in China, where patriotic shoppers are choosing domestic brands amid rising US-China tensions.
Apple and its Chinese rival, Huawei, are on the front lines of a battle over technology between Beijing and Washington that has seen both countries restrict access to foreign technology.
Organizations:
Apple, Huawei
Locations:
China, Beijing, Washington