According to CNBC, Apple has officially cut iPhone prices in China as the reopening country is about to celebrate an online shopping festival known as 6.18. While the official Apple website in the country did not change its pricing, other channels through which Apple officially sells its handsets in the country did reduce the cost of current iPhone models. For example, on Tmall users can purchase a 64GB iPhone 11 for 4,779 yuan (equivalent to $669.59); that works out to a 13% discount from the phone’s original price of 5,.499 yuan ($774.35).