Given the fiercer competition in the smartphone market, Apple's plan to give steep discounts on iPhone models in China is creating headlines. Apple will offer up to 500 yuan (about $68.50) off on its newest iPhone models, including the top iPhone 16 Pro and iPhone 16 Pro Max, between January 4 and January 7, 2025. This marketing campaign coincides with growing pressure on Apple from domestic competitors, especially Huawei, who has been quickly regaining market share.