Apple is discounting its latest iPhone by 500 yuan, or about $70, on its website in China. The three-day discount, which will run from Jan. 18 to 21, is marketed as a sale attached to the Lunar New Year, which
Retailers on Chinese e-commerce platforms were discounting the iPhone 15 just a month after its release, ahead of China’s “Singles Day”, the Nov. 11 shopping festival.
Apple’s share appears to be challenged primarily by its competitor in China, Huawei which recently released the Iphone competitor Mate 60 which features an advanced 7-nanometer processor and was touted at its launch. This processor was attention getting especially in the light of US sanctions prohibiting US companies from selling advanced semiconductors to Huawei. Huawei was sanctioned after being accused of semiconductor manufacturers of building a collection of secret chip-making facilities across China to help the technology company bypass US sanctions. It was also sanctioned The initial US measures targeting Huawei were driven by concerns that the tech giant could use its substantial presence in the world’s telecommunications networks to spy for the Chinese government. In 2020, the Federal Communications Commission designated Huawei and its Chinese peer ZTE Corp.
Apple’s net sales in China was down 2% from the year before. Apple is also offering discounts on other products in China during the Jan. 18-21 sale, including an 800 yuan ($112) discount on a MacBook Air.
Jeffrey Newman Esq. is an attorney whose law firm represents whistleblowers under the SEC, CFTC and FINCEN whistleblower programs. Persons providing original information to these agencies through counsel may receive rewards totaling up to 30 percent of a successful recovery made by the SEC, CFTC OR FINCEN and the names and identification of the whistleblowers are kept confidential. His firm also represents whistleblowers in healthcare fraud cases relating to Medicare of Medicaid. Attorney Newman can be reached at Jeff@Jeffnewmanlaw.com or at 617-823-3217
