Apple offers iPhone 15 at rare discount in China as competition intensifies

Apple is offering rare discounts on its iPhones in China, cutting retail prices by as much as $70 amid growing competitive pressure in the world’s biggest smartphone market.The U.S. tech giant cut prices of some iPhones by 5%, its Chinese website showed on Monday. The time-limited promotion, branded as a Lunar New Year event, will last from Jan. 18 through Jan. 21 in a lead-up to the holiday in mid-February.Sales of Apple’s latest iPhone 15 series of handsets have been far worse than previous models in Chi ...