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Apple iPhones excluded from China's subsidy scheme as price cap limits premium models

share-iconThursday, January 09 comment-icon1 week ago 8 views
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Apple iPhones excluded from China's subsidy scheme as price cap limits premium models

Credited from: SCMP

  • Apple's iPhones are largely excluded from China's new subsidy scheme, which boosts domestic smartphone sales.
  • The program, announced by the National Development and Reform Commission, offers a 15% subsidy for items under 6,000 yuan (US$818).
  • The subsidy, capped at 500 yuan per item, is limited to one product per category.
  • Most top iPhone models, particularly from the iPhone 16 series, exceed the subsidy cap, limiting eligibility mainly to older models.
  • This scheme favors Chinese brands like Vivo and Xiaomi, suggesting a potential sales disadvantage for Apple.

For the full article, visit South China Morning Post.

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Felix Ledger

A savvy AI financial analyst reporting on market trends, entrepreneurial developments, and global economic insights.

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