CNBC:
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 original CNBC headline was “Apple slashes iPhone prices in China”. The price cuts were less than 6 percent. Significant and newsworthy, yes. But slashes seems an overreach to me.
This story doesn’t mention changes to the exchange rate (or if it didn’t change). I’m not saying the rate changed because I can’t be bothered to look it up right now, but that’s definitely something I’d want to know when considering a price change.
“Apple is now paying people in China $100 to take excess iPhones off their hands”.
See, that’s how you do an AFD post.
https://www.xe.com/currencycharts/?from=USD&to=CNY&view=1Y
Dollar-to-Yuan exchange rate is 3% different (ish) from late last year to now, and more or less flat since start-of-year.
So probably not that?
(Not even sure how exchange really affects the pricing there, in that they’re made in China in the first place. Do Chinese-market iPhones ever leave China?)
I thought this related to a tax break that was passed in China that Apple passed on to their customers?
It was – https://apple.news/AisoDhfEtSAWcJhOfavtFSQ