Here’s a hot shopping tip that I suspect most readers won’t be able to take advantage of – at the moment, Apple is discounting the iPhone in China. But I don’t bring that up because I’m actually hoping to influence anyone’s shopping behavior. I find it noteworthy for other reasons.
It may seem odd that I’d find it noteworthy that a company was offering a discount on one of their products. Isn’t that something companies do all the time? Not in Apple’s case. They rarely – almost never, in fact – sell their devices at a discount. Take, for example, the “Black Friday” shopping experience in the United States, which is usually what kicks off the holiday shopping season leading up to Christmas. Many cell phone companies offer huge discounts during this event. In fact, in recent years these holiday discounted prices have been appearing well before Black Friday and lasting well past the Thanksgiving weekend. Google and Samsung will often offer their phones at significantly marked down prices, as well as offering bundle deals and enhanced trade-in values for older phones.
Last year, for example, Google knocked $200 of the price of their high-end flagship phone, the Pixel 8 Pro, even though it had only been released the month prior, and took $400 off the price of their folding phone/tablet hybrid, the Pixel Fold. Meanwhile, Apple only had promos for the actual Thanksgiving weekend, and rather than discounting their products, items were sold at full price, but certain purchases would come with an Apple gift card that could be used to buy more Apple products. So, buying a new Apple TV 4K would also get you a $50 gift card to Apple.
So why is Apple now offering their top-end iPhones at discounts equal to hundreds of dollars in China, when they don’t offer anything like that kind of a discount in the United States during the quintessential holiday discount shopping event? It’s because in China, Apple is facing steep and increasing competition from companies like Huawei – competition it doesn’t have to face in the United States market, because the United States government has banned those companies from competing in the US market on transparently thin “national security” grounds. (Although not as thin as the case pointed out by Jon Murphy, where protectionists invoked “national security” as a reason to ban not Chinese electronics, but Chinese garlic.) As a result, Chinese consumers are able to get iPhones at better prices than American consumers, because the Chinese government allows more competition in the cell phone market than the American government allows. And it seems like this move on Apple’s part has been successful, as Chinese consumers have responded positively to the price cuts. It’s just a shame American consumers don’t get the same benefits from this competition.
I’ve written before about how the Department of Justice’s assertion that companies like HTC and Microsoft failed to compete with Apple in the United States because of “barriers to entry” is absurd on the face of it. To recap, my claim there was that it’s absurd to say that Microsoft, which had been selling smartphones for years and had an established user base of millions upon millions of customers well before the iPhone existed failed to compete with the iPhone because Microsoft faced “barriers to entry.” But this does not mean no barriers to entry exist in the cell phone market in any sense. However, the most important barriers that exist right now are in place because of government regulations. Before the government tries to remove the speck from the market, it should first turn its attention to the plank created by its own policies.
READER COMMENTS
MarkW
May 28 2024 at 10:52am
Apple has long faced competition in the US from multiple Android phone vendors, including Huawei (until the ban). It seems more likely that the iPhone is falling out of favor in China due nationalist sentiment and all of the rising tensions and new trade barriers. I think the lesson here is that ill will create by trade wars can hurt a nations exports even in the absence of higher tariffs on those specific products.
Dylan
May 28 2024 at 1:01pm
Like MarkW, I have trouble seeing this as a direct result of increased competition in China or reduced competition here. Apple is famous for never discounting their products, that goes back at least as far back as the early 2000s when Apple’s survival was very much in doubt.
I also don’t see a ton of evidence for increased competition in China, the only real evidence I saw was that Huawei has gotten its supply chain back in order and has started opening some stores in China. Neither seem like a major transformation of the market.
I do believe that sentiment has shifted over the last few years though. I did my MBA in partnership with a Chinese school, so we had ~40 upwardly mobile Chinese students as part of the program. Back in 2018, all but one had an iPhone. It was a rare exception of a foreign tech product not only existing, but finding massive success, while companies like Amazon stumbled, and software companies like Google and Facebook not being allowed at all. But, we could see sentiment shifting even back then, where the classmates I spoke to even mentioned trade war as a reason they didn’t feel comfortable buying foreign products as much.
Nicolas
May 28 2024 at 7:01pm
iPhone sales in China increased by 52% in April. Competitive pricing.
Dylan
May 28 2024 at 9:08pm
I’m not surprised that Chinese consumers react to discounts, particularly when they come from a company that is famous for not giving them. I’m skeptical that this is solely due to competition being perceived as higher in China than other markets.
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