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iPhone prices in China are slashed – Again



iPhone prices in China are slashed – again.

Large e-commerce sites, including Tmall and JD.com, already lowered the phone's prices twice this year. Now the cuts become an official approval mark – on Apple's own website.

Apple has for the first time this year fallen prices on the iPhone at its official Chinese site.

On Monday, the smartphone manufacturer lowered prices between 300 yuan ($ 44.7) and 500 yuan for all models of the iPhone X, iPhone 8 and iPhone 7, according to the website.

Slash comes in response to China's reduction of the tax burden on production and other sectors that began April 1, Caixin has learned.

The new regulations reduce the value added tax (VAT) for manufacturers to 1

3%, down from 16% and VAT. For transport and construction sectors to 9% from 10%.

The prices of Apple's website are still not lower than they are in some e-commerce sites, as the price tag for the iPhone X models drops by as much as 2,000 yuan last month among lukewarm phone sales in China.

Related: iPhone Slowdown Hits Apple Chinese Supply Code


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