Report: Phone prices fall in China

World

19:20 12.01.2019(Update 19:32 12.01.2019) Copy link

Retailers in China have cut prices for the latest Apple iPhone phones, as local consumers are convinced that these phones were not worth the extra cost.

According to a report by CNBC, the move comes as iPhone phones have shown a significant drop in sales in China, while experts show that the very high prices of the world's largest smartphone market and the lack of innovative features compared to local competitors such as Huawei are the reason. So

Chinese retailer Suning lowered the price of a 128-gigabyte version of the iPhone XR from about $ 1,036 to $ 858 earlier in the day. While third-party suppliers provide cheaper equipment through fast sales offers.

Sunion has announced a $ 100 discount on the 128 and 256 GB versions of the iPhone XR, while the Pinduoduo e-commerce platform, which allows third parties to sell products, offers significant discounts on all models of the new iPhone. With two main factors: the pricing error of its equipment in the country and its inability to provide features that excite consumers.