To boost sales in China, Apple Inc. (NASDAQ:AAPL) has raised the trade-in prices for iPhones in the country. This move comes as the tech giant faces intensified competition from local rivals.
What Happened: Apple has increased the trade-in value for the iPhone 15 Pro Max to 5,700 Chinese yuan ($791), up from 5,625 yuan ($780.78). Similarly, the iPhone 15 Pro’s trade-in value has been raised to 4,750 yuan ($659.33) from 4,725 yuan ($655.86), reported CNBC.
Trade-in prices refer to the amount of money people in China can receive toward a new iPhone by exchanging their old device.
These adjustments apply to other iPhone models as well. Despite being relatively modest, these changes reflect Apple’s ongoing efforts to stimulate sales in China, its second-largest market. The company has been grappling with declining market share and sales due to fierce competition from …
Full story available on Benzinga.com
To boost sales in China, Apple Inc. (NASDAQ:AAPL) has raised the trade-in prices for iPhones in the country. This move comes as the tech giant faces intensified competition from local rivals.
What Happened: Apple has increased the trade-in value for the iPhone 15 Pro Max to 5,700 Chinese yuan ($791), up from 5,625 yuan ($780.78). Similarly, the iPhone 15 Pro’s trade-in value has been raised to 4,750 yuan ($659.33) from 4,725 yuan ($655.86), reported CNBC.
Trade-in prices refer to the amount of money people in China can receive toward a new iPhone by exchanging their old device.
These adjustments apply to other iPhone models as well. Despite being relatively modest, these changes reflect Apple’s ongoing efforts to stimulate sales in China, its second-largest market. The company has been grappling with declining market share and sales due to fierce competition from …
Full story available on Benzinga.com
To boost sales in China, Apple Inc. (NASDAQ:AAPL) has raised the trade-in prices for iPhones in the country. This move comes as the tech giant faces intensified competition from local rivals.
What Happened: Apple has increased the trade-in value for the iPhone 15 Pro Max to 5,700 Chinese yuan ($791), up from 5,625 yuan ($780.78). Similarly, the iPhone 15 Pro’s trade-in value has been raised to 4,750 yuan ($659.33) from 4,725 yuan ($655.86), reported CNBC.
Trade-in prices refer to the amount of money people in China can receive toward a new iPhone by exchanging their old device.
These adjustments apply to other iPhone models as well. Despite being relatively modest, these changes reflect Apple’s ongoing efforts to stimulate sales in China, its second-largest market. The company has been grappling with declining market share and sales due to fierce competition from …Full story available on Benzinga.com Read MoreAAPL, AAPL, Apple iPhone, BABA, benzinga neuro, Donald Trump, iPhone China, News, Markets, Tech, AAPL, US0378331005, BABA, News, Markets, Tech, Benzinga News
