Apple hopes to boost iPhone sales by giving Chinese consumers a new payment option

Apple is having a tough time selling the iPhone in China. We've previously pointed out a variety of reasons for this, but it is worth repeating. The strong dollar forced Apple to price the iPhone XR for more than the Huawei Mate 20 Pro, and the U.S.-China trade war has negatively impacted the Chinese economy. In addition, a strong wave of nationalism in China has popped up in reaction to what is perceived in the country as U.S. bullying of Huawei.

In reaction to the strong buck, Apple cut wholesale prices of the 2018 iPhones in China, and CEO Tim Cook has alluded to ...

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