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Apple looks to boost sales in China with hefty discounts as e-commerce festival gets underway - TL;DR CNBC

Apple looks to boost sales in China with hefty discounts as e-commerce festival gets underway

Publishing timestamp: 2024-05-21 05:02:17


Summary

Chinese e-commerce platforms are offering discounts of up to 20% on select iPhone models during the 618 shopping festival. Apple is trying to boost sales in China amid competition from Huawei. Despite struggles in China, Apple has maintained investor confidence with strong earnings and stock buybacks.


Sentiment: MIXED

Tickers: BABA9618-HKAAPL

Keywords: technologybreaking news: technologyjd.com incalibaba group holding ltdbusiness newsbusinessapple inc

Source: https://www.cnbc.com/2024/05/21/apple-looks-to-boost-sales-in-china-with-hefty-discounts-amid-sales-festival-.html


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