News:
$JD.com(JD)$'s Apple $Apple(AAPL)$ franchise store offers higher price cuts in the iPhone 15 series than Tmall during the 'Double Eleven' shopping festival, which is the first cut in one of the official supply channels ever seen.
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My comment:
JD's stores cut $Apple(AAPL)$ 's #iPhone15 prices deeper than those in $Alibaba(BABA)$ 's TMall. Indicative of weaker-than-expected demand for the new flagship smartphone despite a foreseen recovery in industry sales in 4Q (i.e. Golden Week sales +15% YoY).
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