China retailers slash iPhone prices after Apple sales warning - Business News - News Summed Up

China retailers slash iPhone prices after Apple sales warning - Business News


SHANGHAI: Several Chinese electronics retailers including Alibaba-backed Suning and JD.com have slashed iPhone prices this week, after Apple recently blamed poor sales of the smartphone in the country for a rare revenue warning.The discounting, as steep as $118 for the recently launched 64GB iPhone XR, is the latest sign that Apple’s weak holiday sales in China may have extended to the current quarter.


Source: The Star January 11, 2019 09:11 UTC



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