Apple cuts iPhone prices in China amid fierce competition from Huawei

Apple cuts iPhone prices in China amid fierce competition from Huawei
Apple cuts iPhone prices in China amid fierce competition from Huawei

Apple has launched an aggressive discount campaign on its official Tmall website in China, offering discounts of up to 2,300 yuan ($318) on select iPhone models.

The discounts come as the US tech giant seeks to defend its position in the premium smartphone market, where it faces growing competition from local rivals such as Huawei.

This offer, which runs from May 20 to 28, is larger than that offered by Apple in February.

While the highest discount in the February campaign was 1,150 yuan, this time the discounts are up to 2,300 yuan. The biggest discount applies to the 1TB iPhone 15 Pro Max model, while other models also benefit from significant price drops.

For example, the 128GB version of the base model iPhone 15 is discounted by 1,400 yuan, according to checks by Reuters on Monday.

The increased competitive pressure on Apple comes after Huawei last month introduced its new high-end smartphone series, the Pura 70, following the launch of the Mate 60 last August.

Apple’s previous discounting effort in February appears to have helped the company mitigate slowing sales in China.

Apple’s shipments in China rose 12% in March, according to Reuters calculations based on data from the China Academy of Information and Communications Technology (CAICT). This is a significant improvement compared to the first two months of 2024, during which the company recorded a 37% drop in sales. ($1 = 7.2319 Chinese yuan renminbi) (Reporting by Liam Mo and Casey Hall; Editing by Emelia Sithole-Matarise)

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