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Stock impact report

Chinese online retailers offer discounts on iPhone 11 as country recovers from coronavirus [Reuters]

Apple Inc. (AAPL) 
Last apple inc. earnings: 4/30 04:30 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.apple.com
Company Research Source: Reuters
Chinese online retailers offer discounts on iPhone 11 as country recovers from coronavirus SHANGHAI, April 9 (Reuters) - Several Chinese online retailers have offered discounts on Apple Inc’s iPhone 11, Reuters checks on Thursday revealed. The price drops come as the hardware company braces for an uncertain year for the smartphone sector, as the global spread of the coronavirus dampens demand while Chinese rivals rush out 5G models. The online store for Suning, a popular Chinese electronics vendor, offers the 64GB version of the iPhone 11 for 4999 yuan ($707.54), a discount of 500 yuan from the price listed on Apple’s official China Website. The 64GB version of the iPhone 11 Pro Max, meanwhile, sells for 7499 yuan ($1,061.38), a discount of 1600 yuan from the price on Apple’s China website. Other e-commerce vendors, including JD.com, Gome, and Dangdang, as well as several authorised Apple resellers on Tmall, the popular site run by Alibaba Group Holding Ltd , offer similar price cuts. Show less Read more
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