The iPhone is too expensive for Chinese customers, so Apple is offering them interest-free loans

as declared in In an effort to make Apple products more affordable to Chinese consumers, Apple is working with Chinese mobile payments network Alipay to offer up to two years of interest-free financing, The Wall Street Journal first reported. The companies reportedly told customers about the new borrowing option this week, which requires a minimum purchase of 4,000 yuan ($595) to qualify, the Journal reported. This would give more customers the ability to buy the company's latest iPhone models, including the XR, which is the most affordable option in Apple's new lineup at 6,499 yuan, according to Apple's China website. In its first-quarter 2019 earnings, Apple reported a nearly $5 billion drop in revenue from China compared with the previous year, to $13.17 billion during the December quarter. While Alipay previously offered interest-free financing for one year on Apple products, the new 24-month offer will be available until March 25, the Journal reported.

Every iPhone and Apple Deal At Best Buy Right Now

In turn, retailers like Best Buy offer new and better discounts so older generation MacBooks and iPhones move off the shelves to make room for the latest models. Shop NowiPhone XR, iPhone XS or iPhone XS MaxDeal: Get up to a $400 Best Buy gift card with qualified activation and trade-in of an iPhone XR, iPhone XS or iPhone XS MaxThe iPhone XS and XS Max have by far the most beautiful displays ever designed by Apple. Second, you can get a free iPhone XR with the purchase or lease of an iPhone XR, iPhone XS or iPhone XS Max. The iPhone X and iPhone 8 are both considered top-notch devices, and as such are definitely worth considering when upgrading your phone. If you're interested in the iPhone X, you can currently save $450 at Best Buy with qualified activation on a new line for Sprint.

Massive iPhone Discounts Continue As Apple Risks Status For Sales

as informed in Traditionally the iPhone has been pretty bullet-proof to sales, discounts, and special offers. Apple's latest iPhones - the iPhone XR, iPhone XS, and iPhone XS Max, are not having the best retail experience. Apple wants more handset sales. Front and centre on the UK's Apple Store today was the price cut to the iPhone XR to £499. Cook may get a short-term boost of iPhone unit sales, but he is trading away Apple's vital and hard-earned status to do so.

Catching up: After Samsung unveils Galaxy Fold, Apple submits blueprint for foldable iPhone

Things escalated quickly in 2018 with Samsung and Huawei announcing that their foldable smartphones will debut in 2019. Samsung showcased a working prototype of their foldable smartphone at an event recently showing how close they are to a consumer device. Another little-known Chinese company called Royale surprised everyone by launching the world' first foldable smartphone called FlexPai (it's supposed to go on sale in China by the end of this year). Things escalated quickly in 2018 with Samsung and Huawei announcing that their foldable smartphones will debut in 2019. Samsung showcased a working prototype of their foldable smartphone at an event recently showing how close they are to a consumer device.

collected by :Clara William