Apple offers rare discounts on iPhones in China

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Apple offers rare discounts on iPhones in China
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Company is offering four days of discounts on its top-tier iPhones and accessories ahead of the launch of its next-generation devices

Apple announced a rare retail promotion in China on Monday, offering four days of discounts on its top-tier iPhones and related accessories in advance of the launch of its next-generation devices.

The discounts come as China’s economy tries to bounce back from major Covid-19 lockdowns in business hubs Shanghai and Beijing, which have hurt sales of leading domestic smartphone brands from Xiaomi to Vivo and Oppo. Apple bucked the trend by registering healthy growth in China shipments in June, according to national statistics, though the discounts suggest even it has surplus inventory heading into the latter half of the year.

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