Never miss a story

Get subscribed to our newsletter


×
According to Chinese media outlet National Business Daily, the iPhone maker had no comment when asked whether the price cuts were authorized by the company or not. Pixabay

Multiple third-party resellers in China are offering discounts on the iPhone 11 lineup in an attempt to bolster demand during a time when consumer confidence and spending is low due to new coronavirus pandemic.

On JD.com, the 64GB version of the basic iPhone 11 now costs 4,999 yuan (US$708), 500 yuan (US$70) cheaper than the original price, reports the South China Morning Post. The more expensive iPhone 11 Pro has an even steeper price cut that shaves off 1,200 yuan (US$170). And the top-tier iPhone 11 Pro Max is selling for a whopping 1,600 yuan (US$227) off.


Please Follow NewsGram on Twitter To Get Latest Updates From Around The World!

The same price cuts can be found on electronics retailers Suning and Guomei. However, Apple’s official website in China has not cut the price. According to Chinese media outlet National Business Daily, the iPhone maker had no comment when asked whether the price cuts were authorized by the company or not.


Multiple third-party resellers in China are offering discounts on the iPhone 11 lineup in an attempt to bolster demand during a time when consumer confidence and spending is low due to new coronavirus pandemic. Wikimedia Commons

The Cupertino based tech giant has already warned that coronavirus pandemic will affect its business in the January-March quarter as worldwide iPhone supply will be temporarily constrained. In an investor update in February, the tech giant said it no longer expects to meet the revenue guidance it provided for the upcoming quarter.

ALSO READ: New Regulation Policies Emerge To Safeguard Businesses From Hackers

Apple originally expected to see revenue of $63 to $67 billion in the March quarter, but that number is likely to be much lower. Apple’s quarterly earnings statement will be released on April 30. (IANS)


Popular

Unsplash

Hollywood actor Dave Bautista is set to star in 'Knock at the Cabin

Hollywood actor Dave Bautista is set to star in 'Knock at the Cabin', the upcoming movie from Pondicherry-born Indian American Oscar-nominated filmmaker M. Night Shyamalan.

The 'Dune' actor is reportedly in negotiations to appear in Shyamalan's upcoming movie, which the secretive filmmaker will both write and direct, as well as produce with Ashwin Rajan under his Blinding Edge Pictures banner alongside Marc Bienstock and Steven Schneider, according to Deadline, reports femalefirst.co.uk.

Follow NewsGram on Facebook to stay updated.

Details of the movie -- which is scheduled for release in February 2023 -- are being kept under wraps.

Bautista is currently going through a busy period, having starred in 'Dune' and Netflix's 'Army of the Dead' and recently finished production on 'Knives Out 2'.

He is currently working on the third 'Guardians of the Galaxy' movie, and as well as 'Knock at the Cabin', he's also expected to shoot 'Dune 2' and is attached to star in and produce an action movie with Jason Momoa.

The 52-year-old star recently admitted he "almost broke down" when he was cast in 'Dune' because he was so keen to work with director Denis Villeneuve but didn't want to "capitalise" on his friendship with the filmmaker to land his role of Glossu Rabban.

Asked what attracted him to the project, he said: "For me, it was Denis. I really pursued this, because I was tracking 'Dune'. I kept asking my agent, "When auditions would become available? When are they going to release these roles?"

Keep Reading Show less

Huh Token

BitMart just experienced one of the biggest hacks in cryptocurrency history, with losses estimated at a whopping $196 million. Withdrawals have been frozen until further notice as the company undergoes security checks, but CEO Sheldon Xia has promised to compensate affected users out of pocket. By stealing a private key opening two hot wallets, hackers achieved one of the biggest centralized exchange hacks to date by swapping stolen tokens for ether and then depositing the funds to Tornado Cash.

The hack has again raised concerns regarding crypto theft. Investors fall victim to attacks as simple as clicking on a link, giving hackers unfettered access to their wallets. So, it’s no surprise that investing in crypto is considered such a high-risk activity. There are ways to mediate risk and one of such ways is to have a bug bounty, which HUH Token, a new cryptocurrency does have. According to an analysis by Deloitte, more than 25% of all bitcoin could be stolen in one attack. This is perhaps why cyber criminals get so creative in coming up with crafty ways to take your bitcoin. Unfortunately, as crypto is decentralized, stolen crypto is extremely hard to recover. In light of the prediction that 10% of global GDP is to be held in crypto by 2025, it needs to become unassailable. To avoid becoming the next hacking victim, use these expert-based tips to maximize your wallet’s security:

Keep Reading Show less

HUH Token

XRP's price is forming a reversal pattern as bulls defend a critical support level. Meanwhile, HUH Token has rocketed over 400% on its first day of trading and looks set for further gains.

XRP

Keep reading... Show less