Chinese retailers offer deep iPhone 15 discounts

The Apple's new iPhone 15 models are on display on the first day of sales at an Apple Store at The Grove in Los Angeles, Friday, Sept. 22, 2023. (AP Photo/Jae C. Hong)

BEIJING: Chinese e-commerce platforms including PDD Holdings' Pinduoduo and Alibaba's Taobao are offering deep discounts on Apple's latest iPhone 15 series, with some selling models up to 900 yuan ($123) below the retail price.

Analysts say the iPhone 15 has not been selling as well in China as its predecessor. Counterpoint Research said last week that iPhone 15 sales in China were down 4.5% versus the iPhone 14 in the first 17 days after its market launch.