Apple’s iPhone XS, XS Max, XR, and XR are now having their prices slashed by up to 20% by Chinese retailers. Analyst: “It s possible Apple wants to test the market’s feedback if it brings down the channel prices”” Chinese retailers are also cutting down on their profits temporarily to gain more on the long term by moving more iPhone units. Apple’s stock experienced a sharp 38% drop between a top valuation of 232.07 per share on October 3 and a 52-week low of $142.08 per share the day after the letter was published.”
Source: https://www.bleepingcomputer.com/news/apple/apples-latest-iphone-models-get-price-cuts-of-up-to-20-percent-in-china/