iPhone price cuts: more will come, the analyst suggests

iPhone price cuts: more will come, the analyst suggests

We have seen significant price cuts for iPhone in both China and Japan, and at least one analyst believes that more will follow.

A November report that Apple was planning to lower the price of the iPhone XR in Japan was quickly confirmed, with a rebate of around $ 100 later in the month …

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A report that Apple would introduce price reductions for the iPhone in a number of models in China was also confirmed this month. The price for iPhone 8, iPhone 8 Plus and XR was around 20%.

The price cuts follow Apple's announcement that earnings for the holiday quarter will be between $ 5 billion and $ 9 billion when the company originally forecasted. The resulting shock has led to AAPL stocks continuing to fall and analysts lowering their share price.