Apple faces competition in its Greater China region.Cheng Xin/Getty ImagesApple is offering rare discounts on iPhones in China for the second year in a row.The company faces increased competition in China, where it missed earnings estimates last quarter.Huawei's strong sales and potential tariffs on Chinese goods challenge Apple's market position.Amid increased competition in the smartphone market, Apple is offering customers in China a rare discount on its latest phones ahead of the Chinese New Year.iPhone 16 Pro models will cost 500 Chinese yuan, or about $70, less, while regular iPhone 16 models will be discounted by 400 yuan.
Apple Discounts New Iphones In China Amid Increasing Smartphone Competition
jhart@insider.com (Jordan Hart), Business Insider
Thu, 01/02/2025 - 10:36am
Topics: cheng xin/getty imagesapple chinese new year pro january huawei counterpoint research president-elect donald trump apple intelligence chinese-owned ai reuters business insider china greater china apple chinese ai discounts smartphone competition models market company faces tariffs earnings missed offering rare increased estimates local goods tech companies yuan
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