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Chinese Retailers Forced to Sell Apple’s Latest iPhone Models With Huge Discounts

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Apple is looking at a weak financial quarter as demand for its latest iPhone models plunges in Chinese markets. Several local retailers, including Alibaba-backed JD.com and Suning, have introduced huge discounts on Apple’s top-of-the-line smartphones, according to CNBC. Suning slashed the price of 128 GB iPhone XR model fromĀ $1,036 to $858 – a 17.1% discount.

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