Several Chinese electronics retailers including Alibaba-backed Suning and JD.com have slashed iPhone prices this week, after Apple recently blamed poor sales of the smartphone in the country for a rare revenue warning.
Last month, Bloomberg reported that the company was-and still is-facing a "fire drill" to boost sales from shareholders, which prompted Apple to aggressively release its discounted iPhone XR model in October, which runs about $300 less its regular model.
We haven't seen a treble-camera phone from Apple yet either, so the upcoming model will be its first. One seller had a 256GB version of the iPhone XS Max, Apple's most premium device, for 9,699 yuan ($1,436), way below the USA firm's official selling price of 10,999 yuan ($1,628) for that smartphone. In total, six retailers have instituted dramatic price cuts in order to spur iPhones sales according to the news organization.More news: Lindsey Graham wants Trump to 'Build a wall NOW'
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While Apple reportedly plans new cameras as the standout features of its 2019 smartphones, the company may also remove features to cut costs. And if Apple doesn't want a repeat of last year's iPhone XR, they probably might want to build some exciting features for the cheaper iPhone.
4/2/18: Despite earlier rumours to the contrary, a new report claims that Apple's 2019 iPhones won't offer support for 5G networks.
The $720 billion technology group makes about two thirds of its money from the iPhone, which is one of the most successful consumer products of all time. The other two iPhone models will be the direct successors to the iPhone XS and iPhone XS Max phones, revealed a report. "Or, Apple might be under pressure to clean out its stock of iPhones", he said.