BEIJING, May 14 (Reuters) - Chinese e-commerce platforms
are offering discounts of up to 2,530 yuan ($351) on Apple's ( AAPL )
latest iPhone 16 models, an effort to spur sales as
first-quarter shipments by the U.S. tech giant fell further in
its second-largest market.
The step comes as Chinese online retailers increasingly vie
for cost-conscious consumers in a slowing economy, with price
cuts taking centrestage ahead of the annual "618" shopping
festival on June 18, one of the country's largest.
JD.com ( JD ), is selling the iPhone 16 Pro with storage
of 128GB at 5,469 yuan, down 2,530 yuan from Apple's ( AAPL ) official
price of 7,999 yuan, Reuters checks showed on Wednesday.
The iPhone 16 with 256GB storage is listed at 5,469 yuan, or
a drop of 1,530 yuan from its official price of 6,999 yuan,
including government subsidies.
Alibaba's ( BABA ) Tmall marketplace is offering comparable
discounts, selling the iPhone 16 Pro with 128GB at 5,499 yuan,
or 2,500 yuan off Apple's ( AAPL ) official price, after applying coupons
that include government subsidies.
Reuters was unable to ascertain if the discounts were being
offered by Apple ( AAPL ) itself or the platforms.
Apple ( AAPL ) has previously cut prices on its latest models to
boost sales during the "618" festival, said Will Wong, a senior
smartphone analyst at IDC.
"Apple ( AAPL ) is repeating its sales promotion strategy for the
shopping event last year," Wong added. "It's cutting prices on
iPhone 16 Pro so that it can enjoy China's state subsidies on
digital products."
Selective discounting has featured in the company's China
pricing strategy, whether through its own promotions or
independent cuts by online platforms and authorised resellers.
In January, Apple ( AAPL ) offered rare discounts of up to 500 yuan
on its own website and in past years Chinese e-commerce
platforms have also rolled out similar deals.
Apple ( AAPL ), JD.com ( JD ) and Alibaba ( BABA ) did not immediately respond to a
request for comment.
The U.S. tech giant's smartphone shipments in China dropped
9% in the first quarter, while domestic competitors Xiaomi ( XIACF )
and Huawei Technologies posted gains of 40%
and 10% respectively, market data from IDC shows.
Smartphones are among the key targets of China's broader
consumption stimulus plan, with local governments in major
cities such as Beijing, the capital, offering subsidies of up to
500 yuan for handsets cheaper than 6,000 yuan.
($1=7.2156 Chinese yuan renminbi)