iPhone sellers in China are reportedly cutting prices afterto investors, whkch blamed the country’s decelerating economy.
Retailers like Suning and JD.com are slashing prices by up to $118 on the, according to Reuters and Yahoo Finance.
Suning will start selling the 64GB iPhone XR for 5,699 yuan (around $845/£660/AU$1,170), while it remains 6,499 yuan ($963/£752/AU$1,333) on Apple’s Chinese site, according to Reuters. It’ll reportedly sell the 64GBfor 3,899 yuan ($578/£450/AU$800), compared to the 5,099 yuan ($756/£590AU$1,045) Apple price.
JD.com and rival Dangdang are cutting prices on models going back to 2017’s iPhone 8, Reuters noted.
In December, Apple started a trade-in promotion allowing consumers to trade their Android phones (including those from Huawei and Xiaomi) for credits toward buying new iPhones, Yahoo reported.
Apple didn’t immediately respond to a request for comment.
Tim Cook, Apple’s CEO, placedfor disappointing iPhone sales during the 2018 holiday season on China’s economy, as well as on a contentious relationship between the country and the US.
“We believe the economic environment in China has been further impacted by rising trade tensions with the United States,” Cook wrote.
Despite these problems, Apple is reportedly planning a freshfor 2019 — including a successor to .
The Wall Street Journal says that’s what it’s hearing.
That’s what Apple said.