Apple Offers Rare Discounts in China Amid Competition from Huawei, Slowing iPhone Demand
• Apple offering rare discounts on iPhones and other products in China, in a move to combat growing competition in Asia's smartphone market • Discounts of up to 500 RMB ($70) on latest iPhones, 800 RMB ($112) on Macs, and 400 RMB ($56) on iPads, running Jan 18-21 • Extremely rare for Apple to offer discounts given its premium brand image, especially important in China market • Comes after release of popular Huawei Mate 60 Pro phone in China, whose advanced chip drew US scrutiny • Raises questions about iPhone demand in China recently amid a struggling economy there, a key market accounting for 20% of Apple's sales