Apple discounts new iPhones in China amid increasing smartphone competition

Apple faces competition in its Greater China region.

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• Apple is offering rare discounts on iPhones in China for the second year in a row.
• The company faces increased competition in China, where it missed earnings estimates last quarter.
• Huawei's strong sales and potential tariffs on Chinese goods challenge Apple's market position.

Amid increased competition in the smartphone market, Apple is offering customers in China a rare discount...