Apple has suffered huge losses due to low sales in many countries including India and China. Tim Cook, CEO of the company, said that this decline can be weak due to factors like currency, and Apple will soon change its pricing strategies to increase its sales in the markets.
Under this effort, Apple had earlier pressured China to reduce prices on sellers and now the company is offering an interest-free loan to buy an iPhone.
Apple has partner in Alibaba Group's entrepreneurship financial service in China to provide interest-free services to thousands of people living here. This move will reduce the Monthly Cost of the iPhone, which can be used by Apple in the world's largest smartphone market like China. Apart from this, the iPhone's sell in China has fallen sharply in the past. Although it has not been confirmed on behalf of either Apple or Ant.
Let us tell you that, the Wall Street Journal has verified that the Ant Hubeb Lone Service has asked customers to increase the credit limit for investing in Apple products. Similar options are also available to people who use credit cards of China's three big banks. According to the report of the journal, Apple is giving interest free package of 12 and 24 months.
The 24-month interest-free loan option is ending on March 25. Apart from this, the company is also offering additional exchange discounts to older users of the changing phones. Apple hopes that this will compensate him for the losses in the last quarter of 2018, and the company will get a push in the market. Tim Cook attributed this to the tension born between America and China.