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Retailers are slashing iPhone prices across China as consumers say the phones aren't worth the cost


Added 01-11-19 04:02:02am EST - “Apple's latest iPhone models have been selling poorly in China because they're priced too high and they lack exciting features compared to local rivals like Huawei, experts said.” - Cnbc.com

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Posted By TheNewsCommenter: From Cnbc.com: “Retailers are slashing iPhone prices across China as consumers say the phones aren't worth the cost”. Below is an excerpt from the article.

Apple's latest iPhone models are facing huge discounts in China as retailers try to sell the struggling devices.

That comes as the top-of-the-line Apple smartphones have posted poor China sales on what experts say are too-high prices for the world's largest smartphone market and a lack of innovative features compared to local competitors like Huawei. The technology giant itself acknowledged earlier this month that unexpectedly low sales in the Chinese market would likely lead to worse-than-anticipated first quarter revenues.

One of the most recent iPhone cost cuts in the country came from Suning, a large Chinese retailer, which changed the price of the 128GB version of the iPhone XR from 6,999 yuan ($1,036) to 5,799 yuan ($858) — a 1,200 yuan ($178) discount.

Other third-party sellers on the site had the devices for even cheaper, offering flash sales to try to unload iPhones. One seller had a 256GB version of the iPhone XS Max, Apple's most premium device, for 9,699 yuan ($1,436), way below the U.S. firm's official selling price of 10,999 yuan ($1,628) for that smartphone.

Still, that remains more expensive than in the U.S., where the same phone would sell for $1,249, according to the Apple website.

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