Apple Cuts iPhone 15 Price in China Amidst Growing Competition

Apple slashes iPhone prices in China by up to $70 to combat growing competition.

Limited-time Lunar New Year event runs from Jan. 18 to Jan. 21.

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Sales of iPhone 15 series lag behind previous models in China.

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Home-grown rivals like Huawei and Xiaomi offer strong competition.

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Some companies and government departments reportedly limiting use of Apple devices.

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Chinese iPhone sales dropped 30% in the first week of 2024.

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Analysts predict a tougher competitive landscape for Apple in China this year.

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Apple's first price cuts for iPhones in years amid challenging market conditions.

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Online platforms, including Pinduoduo, offering up to 16% discounts on iPhone 15 series.

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Canalys VP Nicole Peng notes Apple's pressure to boost global sales, especially in China.

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