Categories: News

iPhone prices fall in China due to new electronics subsidies

China's government-run electronics subsidy program, which took effect on January 20, 2025, has already led to lower prices for smartphones, including iPhone models.

What you should know

The PRC government provides a 15% discount on the price of the product after the retailer's discount on devices worth 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 launch of the program, smartphone sellers adjusted their prices in China. So, the price of the iPhone 16 Plus dropped from 6,999 yuan ($956) to 5,999 yuan ($820), making it eligible for the subsidy program. The iPhone 16 will sell for around 4,999 yuan ($683) on sites like JD.com, and will be around 4,499 yuan ($615) after the subsidy.

The Xiaomi company is also actively using the capabilities of the new program. After the subsidy, flagship models Redmi Turbo 4 and K80 are now available from 1,699 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.

Natasha Kumar

Natasha Kumar has been a reporter on the news desk since 2018. Before that she wrote about young adolescence and family dynamics for Styles and was the legal affairs correspondent for the Metro desk. Before joining The Times Hub, Natasha Kumar worked as a staff writer at the Village Voice and a freelancer for Newsday, The Wall Street Journal, GQ and Mirabella. To get in touch, contact me through my natasha@thetimeshub.in 1-800-268-7116

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