apple cuts iphone xr prices for third-party distributors in china

Apple has dropped the price of iPhone XR by about $100 for its channel partners China, reports..   The price cut allows third-party vendors to purchase iPhone XR more cheaply.   Apple partner that buys from Apple and sells to distributors and retailers dropped iPhone XR's price from 5980 yuan to 5380 yuan with additional 150 yuan coupon available..   JD.com is offering customers yuan coupon that drops the price of iPhone XR to 6099 yuan, while Suning, electronics store similar to Best Buy, now sells iPhone XR for 6199 yuan ...   Both of those prices are cheaper than the yuan that Apple asks for iPhone XR from its website and retail stores..   Another recent report suggests that Apple has cut production on iPhone XR, XS, and XS Max by about 10 percent for the next three months..   The price drops and the production cut follow Q1 2019 guidance downgrade, with Apple expecting revenue of $84 billion during the quarter.   Apple CEO Tim Cook said that major reason for the earnings downgrade was Chinese economy, where Apple saw iPhone sales than expected...   We'll take $100 price cut America while Suning, electronics store similar to Best Buy, now sells iPhone XR for 6199 yuan . $899 and $914 is the..   Alongside the release of iOS 12.1.3, the latest update to iOS 12 operating system, Apple has released new 12.1.13 software that's designed for HomePod.   Read more