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Apple offers iPhone 15 at rare discount in China .
Apple has introduced rare discounts on its iPhones in China, reducing retail prices by up to 500 yuan ($70).
The discounts, offering a 5% price reduction, are part of a promotional event branded as a Lunar New Year event from January 18 to 21.
The move comes as Apple faces increasing competition in the world's largest smartphone market, with sales of its latest iPhone 15 series reportedly underperforming compared to previous models.
16 months ago
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