Apple has lowered the prices of various iPhone models in China, including the iPhone X, iPhone 8, and iPhone 7.
The company recently made a major push to boost its thriving services business amidst slowing iPhone sales, which reached an all-time high of $10.9 billion in revenue, by announcingApple is discounting its most popular products in China as it faces increased competition from other smartphone makers in the region.
Chinese electronics giant Huawei emerged as the smartphone market leader in the fourth quarter of 2018 with 28% of the market share, according toApple claimed 12% of the smartphone market share in China in the fourth quarter of 2018, making it the fourth biggest player. This represents a decrease from the same quarter the year prior, during which it tied for third place with 15% of the market alongside vivo and Xiaomi.
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