So good news, Apple china’s website is now offering free financing for iphones that include zero percent interest packages provided in association with several banks and Huabei, a consumer credit company operated by Alibaba’s Ant Financial unit,
Apple also promoted the scheme on it site which allows users to pay $40.31(271 yuan) a month to purchase an iphone XR. Users buying products worth a minimum of 4,000 yuan would qualify for interest-free financing that can be paid over three, six, nine, 12 or 24 months, the website shows.
All this deals and development are coming weeks after Apple cut revenue guidance for its upcoming Q1 earnings. The firm(apple) trimmed its revenue from the $89 billion-$93 billion range to $84 billion on account of unexpected “economic deceleration, particularly in Greater China.”
Offering all this attractive packages could actually convince some users to buy iphones, Finance is a huge issue for consumers in India, where aggressively priced but capable phones from Chinese companies like Xiaomi or OnePlus dominate the market in terms of sales volume. With the iPhone costing multiples more than top Android phones, flexible financing could help unlock more sales in India. China, however, has long been a key revenue market for Apple, so it figures that this strategy is happening there first.