Jump to content
AskTraders Trading Community
  • 0

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


Micheal Ben

Question

2 answers to this question

Recommended Posts

  • 1

The slash in iPhone price might not affect the price of Apple's stock (AAP). This is the second time Chinese retailers are cutting the price of iPhones in the country and from the earlier move, iPhone sales increased, AAPL started the year in a slightly bearish condition but has recovered over the past few weeks. If anything, the price cut could lead to more purchase of iPhones in China.

Link to comment
Share on other sites

  • 0

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.

Link to comment
Share on other sites

Join the conversation

You can post now and register later. To reply to this question, sign in or create a new account.

Guest
Reply to this question

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

×
×
  • Create New...