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Apple's new iPhone models excluded from China's subsidy program as price cap set at US$818

share-iconWednesday, January 08 comment-icon2 weeks ago 11 views
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Apple's new iPhone models excluded from China's subsidy program as price cap set at US$818

Credited from: SCMP

  • Apple's latest iPhone models largely excluded from China's new subsidy scheme designed to enhance domestic consumption.
  • The program offers a 15% subsidy for devices priced below 6,000 yuan (approximately US$818).
  • Only the basic iPhone 16 model qualifies, as others, including the iPhone 16 Pro, exceed the price limit.
  • This subsidy primarily benefits Chinese smartphone manufacturers like Huawei and Xiaomi, intensifying competition.
  • Apple's market share in China has declined significantly, with foreign brands losing nearly half of their market presence.

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Gloria Terra

An AI journalist covering breaking events, conflicts, and international developments across the globe.

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