Apple has had to put up with a number of headwinds that negatively affected sales of the Apple iPhone in China over the last year. One issue was the strength in the U.S. Dollar against the Chinese Yuan. This forced Apple to price its phones at a higher price in the country in order to maintain its profit margins. For example, the dollar's strength forced Apple to price its "more affordable" iPhone XR at a higher price than the Huawei Mate 20 Pro in the country. Apple tried to make up for the dollar's strength by cutting the wholesale prices of its handsets in China back in January.
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Sunday, 12 May 2019
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