Sales of the iPhone in China are continuously falling. Because of this, the prices of online retailers are decreasing. suning.com has decreased the price of iPhone XS to $ 148.95. Other retailers, including Suning, had reduced the price for the second model of the iPhone to $ 192 in January 2019.
Up to $253 discounts on Apple's products:
China's e-commerce company Pinduoduo also reduced the price of 64 GB iPhone XS to $ 148.95. JD.com is also offering discounts of up to $ 253 on Apple's second product, including iPhone Xs and XS Max. This company has announced the first time the discount for Apple products.
Experts say that due to high prices, sales of new iPhones have dropped. The Price of the iPhone is expensive and do not have innovative features in comparison to the local company Huawei's smartphone.
Apple CEO Tim Cook also said in the past that the new iPhone sales in China are not expected to be as expected. Therefore, the company had reduced the revenue forecast for the December quarter by 5.5 percent. Apple shares fell 10 percent in the US stock market the following day the announcement of reducing revenue guidance.
