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iPhone prices slashed again in China, could this affect Apple's stock?

Micheal Ben


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After the presentation of the iPhone 13 line of smartphones, the price of the iPhone 12 dropped sharply in China. The iPhone 12 version with 128 GB of flash memory is now on sale for 4799 yuan or $ 744. This is $310 less than the recommended retail price of the device in the country. It is believed that after the announcement of the iPhone 13, sales of the iPhone 12 series have noticeably decreased. The price of last year's smartphones in the secondary market has also decreased.

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