In China, the government’s electronic support program, which came into force on January 20, 2025, led to a decrease in smartphone prices, including iPhone models. about this reports Published by GizmoChina.
The Chinese government is providing a 15% discount on product price after retailer rebate on devices priced up to 6,000 yuan (about $820). The maximum subsidy amount is 500 yuan (about $68) per product. The subsidy is one-time.
In anticipation of the program’s launch, smartphone vendors have adjusted prices in China. Thus, the price of the iPhone 16 Plus dropped from 6999 yuan ($956) to 5999 yuan ($820), which allowed it to fall under the subsidy program. The iPhone 16 will sell for around 4,999 yuan ($683) on sites like JD.com, and after subsidies the price will be around 4,499 yuan ($615).
Xiaomi is also actively using the capabilities of the new program. After subsidies, the flagship models Redmi Turbo 4 and K80 are now available at prices starting from 1699 yuan ($232).
The subsidy program is expected to stimulate consumer demand in China, increase sales of digital electronics and create new opportunities for the entire industry, including component suppliers.
Previously appearedApple is preparing to start selling the iPhone SE 4 soon.
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Source: Gazeta
Jackson Ruhl is a tech and sci-fi expert, who writes for “Social Bites”. He brings his readers the latest news and developments from the world of technology and science fiction.