Apple slashes iPhone prices in China amid fierce competition from Huawei

Apple has launched an aggressive discounting campaign on its official Tmall site in China, offering discounts of up to 2,300 yuan ($318) on select iPhone models.

The discounting comes as the U.S. tech giant seeks to defend its position in the high-end smartphone market, where it faces increasing competition from local rivals such as Huawei.

Running from May 20 to May 28, it is more substantial than the one Apple offered in February.