Apple’s iPhone Steeply Discounted in China on Weak Demand

Bloomberg02-29

Latest price cut is deeper than February discounts a year agoApple’s sales in China in the past quarter missed estimatesiPhone 15 smartphones on display at an Apple store in Beijing.Apple Inc.’s ...

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WillsonToh
02-29
WillsonToh
If they don't buy why give them discount send to Singapore instead let us have the discount instead lol

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href=https://www.bloomberg.com/news/articles/2024-02-29/apple-s-iphone-steeply-discounted-in-china-on-weak-demand?srnd=technology-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Latest price cut is deeper than February discounts a year agoApple’s sales in China in the past quarter missed estimatesiPhone 15 smartphones on display at an Apple store in Beijing.Apple Inc.’s ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2024-02-29/apple-s-iphone-steeply-discounted-in-china-on-weak-demand?srnd=technology-vp\">Source 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It’s a steeper drop than the roughly $120 discount the company offered on its smartphone lineup around the same time last year, and there are similar reductions on JD.com Inc.’s online platform. Apple’s own store is selling the devices at original prices.The latest iPhone generation has not matched the usual popularity of Apple’s flagship series in China. Since its launch in September, owing to a combination of economic difficulty across the country as well as the surprising resurgence of Huawei Technologies Co.’s smartphone business, the iPhone 15 family has lagged sales of its predecessors.“Apple is catching up with the ‘deflation’ trend in China, intending to boost the demand for iPhones,” IDC analyst Will Wong said. “Based on IDC’s preliminary January data, the pressure was mainly coming from other Android vendors as we saw Apple decline by around 10% year-on-year in the month while Huawei grew triple-digits over the same period.”The latest discounts emerged after the Lunar New Year holiday, following rare price reductions on Apple’s website in January. A company representative did not respond to a request for comment.Apple sales in China dropped 13% to $20.8 billion in the quarter ended December. That fell far short of the $23.5 billion predicted by analysts and was Apple’s weakest performance for that period in the Asian nation in years.“Apple is offering a short-term promotional price to third-party channels as an early promotion for International Women’s Day,” said Ivan Lam of Counterpoint Research. “We observed that iPhone sales in the Chinese market are becoming increasingly dependent on promotions.”","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":0},"commentList":[{"id":279296116654136,"gmtCreate":1709208974416,"gmtModify":1709208978803,"author":{"id":"4105235879329900","authorId":"4105235879329900","name":"WillsonToh","avatar":"https://community-static.tradeup.com/news/bfa698a409feaf8767914264abdbae58","vip":1,"crmLevel":3,"crmLevelSwitch":0},"htmlText":"If they don't buy why give them discount send to Singapore instead let us have the discount instead lol&nbsp;","listText":"If they don't buy why give them discount send to Singapore instead let us have the discount instead lol&nbsp;","text":"If they don't buy why give them discount send to Singapore instead let us have the discount instead lol","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/279296116654136","repostId":2415127519,"repostType":2,"repost":{"id":"2415127519","pubTimestamp":1709208900,"share":"https://www.laohu8.com/m/news/2415127519?lang=&edition=full","pubTime":"2024-02-29 20:15","market":"us","language":"en","title":"Apple’s iPhone Steeply Discounted in China on Weak Demand","url":"https://stock-news.laohu8.com/highlight/detail?id=2415127519","media":"Bloomberg","summary":"Latest price cut is deeper than February discounts a year agoApple’s sales in China in the past quarter missed estimatesiPhone 15 smartphones on display at an Apple store in Beijing.Apple Inc.’s resel","content":"<html><head></head><body><ul style=\"\"><li><p>Latest price cut is deeper than February discounts a year ago</p></li><li><p>Apple’s sales in China in the past quarter missed estimates</p></li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/fe9212ab506890f28d2b514f42a68d47\" alt=\"iPhone 15 smartphones on display at an Apple store in Beijing.\" title=\"iPhone 15 smartphones on display at an Apple store in Beijing.\" tg-width=\"2000\" tg-height=\"1333\"/><span>iPhone 15 smartphones on display at an Apple store in Beijing.</span></p><p style=\"text-align: start;\">Apple Inc.’s resellers in China are slashing the price of iPhone 15 models by as much as $180, signaling an unusually prolonged slump in demand.</p><p style=\"text-align: start;\">iPhone 15 Pro Max handsets are now selling at prices 1,300 yuan ($180) lower than their original on Alibaba Group Holding Ltd.’s Tmall. It’s a steeper drop than the roughly $120 discount the company offered on its smartphone lineup around the same time last year, and there are similar reductions on JD.com Inc.’s online platform. Apple’s own store is selling the devices at original prices.</p><p style=\"text-align: start;\">The latest iPhone generation has not matched the usual popularity of Apple’s flagship series in China. Since its launch in September, owing to a combination of economic difficulty across the country as well as the surprising resurgence of Huawei Technologies Co.’s smartphone business, the iPhone 15 family has lagged sales of its predecessors.</p><p style=\"text-align: start;\">“Apple is catching up with the ‘deflation’ trend in China, intending to boost the demand for iPhones,” IDC analyst Will Wong said. “Based on IDC’s preliminary January data, the pressure was mainly coming from other Android vendors as we saw Apple decline by around 10% year-on-year in the month while Huawei grew triple-digits over the same period.”</p><p>The latest discounts emerged after the Lunar New Year holiday, following rare price reductions on Apple’s website in January. A company representative did not respond to a request for comment.</p><p style=\"text-align: start;\">Apple sales in China dropped 13% to $20.8 billion in the quarter ended December. That fell far short of the $23.5 billion predicted by analysts and was Apple’s weakest performance for that period in the Asian nation in years.</p><p style=\"text-align: start;\">“Apple is offering a short-term promotional price to third-party channels as an early promotion for International Women’s Day,” said Ivan Lam of Counterpoint Research. “We observed that iPhone sales in the Chinese market are becoming increasingly dependent on promotions.”</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apple’s iPhone Steeply Discounted in China on Weak Demand</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nApple’s iPhone Steeply Discounted in China on Weak Demand\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-02-29 20:15 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2024-02-29/apple-s-iphone-steeply-discounted-in-china-on-weak-demand?srnd=technology-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Latest price cut is deeper than February discounts a year agoApple’s sales in China in the past quarter missed estimatesiPhone 15 smartphones on display at an Apple store in Beijing.Apple Inc.’s ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2024-02-29/apple-s-iphone-steeply-discounted-in-china-on-weak-demand?srnd=technology-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4592":"伊斯兰概念","BK4515":"5G概念","BK4554":"元宇宙及AR概念","LU0056508442.USD":"贝莱德世界科技基金A2","BK4553":"喜马拉雅资本持仓","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","IE00BJJMRY28.SGD":"Janus Henderson Balanced A Inc SGD","LU0353189680.USD":"富国美国全盘成长基金Cl A Acc","BK4571":"数字音乐概念","BK4585":"ETF&股票定投概念","BK4534":"瑞士信贷持仓","BK4507":"流媒体概念","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","BK4576":"AR","BK4533":"AQR资本管理(全球第二大对冲基金)","LU0109392836.USD":"富兰克林科技股A","BK4575":"芯片概念","BK4566":"资本集团","IE0004445015.USD":"JANUS HENDERSON BALANCED \"A2\" (USD) ACC","LU0011850046.USD":"贝莱德全球长线股票 A2 USD","IE00BJTD4V19.USD":"NEUBERGER BERMAN US LONG SHORT EQUITY \"A1\" (USD) ACC","BK4559":"巴菲特持仓","BK4501":"段永平概念","LU0097036916.USD":"贝莱德美国增长A2 USD","BK4579":"人工智能","LU0320765059.SGD":"FTIF - Franklin US Opportunities A Acc SGD","BK4550":"红杉资本持仓","BK4588":"碎股","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","LU0444971666.USD":"天利全球科技基金","LU0289961442.SGD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"AX\" (SGD) ACC","BK4574":"无人驾驶","BK4573":"虚拟现实","LU0149725797.USD":"汇丰美国股市经济规模基金","IE00BKVL7J92.USD":"Legg Mason ClearBridge - US Equity Sustainability Leaders A Acc USD","LU0127658192.USD":"EASTSPRING INVESTMENTS GLOBAL TECHNOLOGY \"A\" (USD) ACC","LU0256863811.USD":"ALLIANZ US EQUITY \"A\" INC","BK4512":"苹果概念","IE00BJTD4N35.SGD":"Neuberger Berman US Long Short Equity A1  Acc SGD-H","LU0289739343.SGD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"A\" (SGD) ACC","AAPL":"苹果","IE00B775SV38.USD":"NEUBERGER BERMAN US MULTICAP OPPORTUNITIES \"A\" (USD) ACC","BK4170":"电脑硬件、储存设备及电脑周边","IE00B3S45H60.SGD":"Neuberger Berman US Multicap Opportunities A Acc SGD-H","LU0170899867.USD":"EASTSPRING INVESTMENTS WORLD VALUE EQUITY  \"A\" (USD) ACC","IE0004445239.USD":"JANUS HENDERSON US FORTY \"A2\" (USD) ACC","LU0238689110.USD":"贝莱德环球动力股票基金","LU0456855351.SGD":"JPMorgan Funds - Global Equity A (acc) SGD","IE00BJJMRX11.SGD":"Janus Henderson Balanced A Acc SGD","LU0072462426.USD":"贝莱德全球配置 A2"},"source_url":"https://www.bloomberg.com/news/articles/2024-02-29/apple-s-iphone-steeply-discounted-in-china-on-weak-demand?srnd=technology-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2415127519","content_text":"Latest price cut is deeper than February discounts a year agoApple’s sales in China in the past quarter missed estimatesiPhone 15 smartphones on display at an Apple store in Beijing.Apple Inc.’s resellers in China are slashing the price of iPhone 15 models by as much as $180, signaling an unusually prolonged slump in demand.iPhone 15 Pro Max handsets are now selling at prices 1,300 yuan ($180) lower than their original on Alibaba Group Holding Ltd.’s Tmall. It’s a steeper drop than the roughly $120 discount the company offered on its smartphone lineup around the same time last year, and there are similar reductions on JD.com Inc.’s online platform. Apple’s own store is selling the devices at original prices.The latest iPhone generation has not matched the usual popularity of Apple’s flagship series in China. Since its launch in September, owing to a combination of economic difficulty across the country as well as the surprising resurgence of Huawei Technologies Co.’s smartphone business, the iPhone 15 family has lagged sales of its predecessors.“Apple is catching up with the ‘deflation’ trend in China, intending to boost the demand for iPhones,” IDC analyst Will Wong said. “Based on IDC’s preliminary January data, the pressure was mainly coming from other Android vendors as we saw Apple decline by around 10% year-on-year in the month while Huawei grew triple-digits over the same period.”The latest discounts emerged after the Lunar New Year holiday, following rare price reductions on Apple’s website in January. A company representative did not respond to a request for comment.Apple sales in China dropped 13% to $20.8 billion in the quarter ended December. That fell far short of the $23.5 billion predicted by analysts and was Apple’s weakest performance for that period in the Asian nation in years.“Apple is offering a short-term promotional price to third-party channels as an early promotion for International Women’s Day,” said Ivan Lam of Counterpoint Research. “We observed that iPhone sales in the Chinese market are becoming increasingly dependent on promotions.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":12,"commentSize":0,"repostSize":1,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2415127519"}