Chinese retailers cut iPhone prices again

Chinese online retailers have started discounting iPhones for the second time this year as Apple faces a prolonged sales slowdown in the world’s largest smartphone market, according to Reuters.

Suning.Com Co says it will slash the price of the iPhone Xs by as much as 1,000 yuan ($148.95) from its official price. Suning had lowered the prices of other iPhone models in January along with other retailers, but those cuts excluded the iPhone Xs, notes Reuters.

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Pinduoduo says it will sell the 64GB edition of the iPhone Xs for 6,999 yuan, a drop of over 1,000 yuan from the official price. Online retail giant plans to offer discounts on a range of Apple products, including the iPhone Xs and Xs Max, with models of the latter device selling at discounts of up to 1,700 yuan.