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“It’s possible Apple wants to test the market’s feedback if it brings down the channel prices. Or, Apple might be under pressure to clean out its stock of iPhones,” he said. Apple has been trailing local competitors such as Huawei Technologies Co Ltd [HWT.UL] that offer cheaper options in China, home to the world’s biggest smartphone market in terms of shipment volume tiffany cufflinks full metal jacket. Last week, Apple issued its first revenue warning in nearly 12 years, citing poor Chinese demand, sending its shares down 10 percent, their biggest intra-day fall in six years..
Suning announced on Friday that it would start selling the 64GB iPhone XR for 5,699 yuan, 800 yuan ($118.46) less than the device’s sticker price in China tiffany cufflinks full metal jacket. It is also selling the 64GB version of the iPhone 8 for 3,899 yuan, a 1,200 yuan discount. JD.com, a major online seller of consumer electronics, is offering promotions on models going back to the 8 series. Dangdang, one of its rivals, has launched a similar campaign. Brick-and-mortar retailer GOME Retail Holdings (0493.HK) has discounted a range of iPhone models, while several authorized Apple resellers on Tmall, a marketplace run by e-commerce giant Alibaba (BABA.N), are set to offer discounts on Sunday..
Qian Chao, a district manager for Shanghai-based iPhone distributor DoubleRise Beijing Technology, said it was the company’s decision to make the price cuts and that it had not received any official notice from Apple. Apple’s China woes come against the backdrop of a broader slowdown in demand for gadgets across the tech sector as the country’s economic growth slows, exacerbated by Beijing’s festering trade war with the United States. According to government data, smartphone shipments dropped 15.5 percent annually in the country in 2018. Domestic Chinese brands, meanwhile, have won over local consumers with a wide range of devices at competitive price points tiffany cufflinks full metal jacket.
(Reuters) – Macy’s Inc (M.N) shares plunged 18 percent on Thursday after the department store operator slashed its full-year profit and sales forecast on the back of an anemic holiday season, sending a chill through the wider retail sector. Macy’s said its sales slowed after a good start to the holidays, and flagged particular weakness in women’s sportswear, sleepwear, fashion jewelry, fashion watches and cosmetics tiffany cufflinks full metal jacket. Its comparable sales over the critical November and December months rose 1.1 percent..
Department stores in recent quarters had shown signs they were finding ways to cope with declining mall traffic and tough competition from online seller Amazon.com Inc (AMZN.O). A robust economy and strong consumer spending had been expected to offer further relief tiffany cufflinks full metal jacket. Kohl’s Corp (KSS.N) reported similarly muted comparable sales growth for the holidays, sending its shares down as much as 9 percent. Target Corp (TGT.N) was down nearly 4 percent even after the retailer posted relatively strong holiday sales growth of nearly 6 percent..