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Apple has announced an exciting promotion, valid from now until June 18, where customers can receive additional trade-in discounts when exchanging their old iPhones for new ones. By trading in an iPhone 12 or a newer model, consumers can expect trade-in credits ranging from ¥1,000 to ¥5,700, with the iPhone 15 Pro Max eligible for the maximum credit of ¥5,700. For devices that do not qualify for the trade-in program, Apple offers a complimentary recycling service. Moreover, in anticipation of the 618 shopping festival, Apple has issued a price adjustment notice to its channel partners, reducing the price of the iPhone 16 Pro series by $160 to $176. Despite reporting iPhone revenue of $46.84 billion for this quarter, a 2% year-over-year increase that accounts for 49% of total revenue, sales in Greater China have shown a decline.
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