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COMING UP:Share Opener Variant 2

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00:00:00
>> Fresh signs Friday that Apple may be struggling to shift iPhones in the expected numbers. Chinese retailers have slashed prices for the handsets by as much as $118. At least six major sellers, including JD.com, are offering discounts, according to Reuters' checks. Unusually, the price cuts cover Apple's latest XS and XR models.
00:00:24
Media reports claim Apple has cut whole sale prices for the handsets in China, though the US tech giant won't confirm that. Apple has been trailing local rivals like Huawei in the world's largest market for mobile phones. Chinese branded hand sets often much cheaper than the US products. Last week, Apple issued its first revenue warning in nearly 12 years, citing poor Chinese demand among the reasons.
00:00:49
But it's not just the iPhone maker to suffer. Overall demand for smartphones is on the slide in China as economic growth slows. Shipments of the handsets down over 15% in the country last year.