Apple slashes iPhone prices in China

Apple has cut prices for several of its most important products on its official Chinese online store by nearly 6 percent. The price cuts affect products including iPhones, iPads, Macs and AirPods, according to Apple’s online store in China. The price cuts come months after the company blamed a $5 billion to $9 billion revenue shortfall in the fourth quarter of 2018 on “lower than anticipated ” iPhone sales and demand in China, Taiwan and Hong Kong.
Read more: https://www.cnbc.com/2019/04/01/apple-slashes-iphone-prices-in-china-by-as-much-as-5percent.html?source=Snapzu