Apple (AAPL) Offers Discounts on iPhone 16 Series Amidst Rising Competition in China

Jan 02, 2025

Apple (AAPL, Financial) is offering significant discounts on its Chinese website, with savings up to 800 yuan on select products. The flagship iPhone 16 Pro, starting at 7,999 yuan, and the iPhone 16 Pro Max, starting at 9,999 yuan, are eligible for a maximum discount of 500 yuan. The iPhone 16 and iPhone 16 Plus will see a price reduction of 400 yuan.

This move comes as Apple faces increased competition in China, the world's largest smartphone market. Local manufacturers, particularly Huawei, have intensified the competitive landscape since their return to the high-end market with domestic chipsets in August 2023. Apple briefly fell out of the top five smartphone suppliers in China during Q2 2024 but saw a recovery in Q3.

Additional discounts apply to older iPhone models, iPads, and Mac products, with the 13-inch MacBook Air (M2) discounted by 600 yuan and the 15-inch MacBook Air (M3) by 800 yuan. Limited quantities are available, and customers must use specific payment methods like WeChat Pay or Alipay to qualify for the discounts.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.

Research Tools

All-In-One Screener Stock Ideas Stock List Guru List Guru Real-Time Picks Insider List Insider Trades Economic Indicators Sector & Industry Performance DCF Calculator Discussion Board

Product

Pricing Plans Excel Add-In Google Sheets Add-on Data API Stock Comparison Table Manual of Stocks Instant Alerts Mobile App 中文

Education

Financial Glossary Tutorials FAQ Schedule Free Session Buffett Indicator Shiller P/E Yield Curve Today U.S. Inflation Rate Global Market Valuation Fed Net Liquidity Buffett Assets Allocation

Company

About GuruFocus Career Contact Us Advertise Site Map Term of Use Privacy Policy Referral Program Partner Program

Survey

We'd love to learn more about your experiences on GuruFocus.com and how we can improve!

Take Survey

Disclaimers

GuruFocus.com is not operated by a broker or a dealer. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes are provided by QuoteMedia, Inc. (CSI). Company fundamental data is provided by Morningstar. Analyst estimates data is sourced from both Refinitiv and Morningstar, with priority given to Refinitiv data. Data is updated daily.