15 February 2019

Beijing Telecom trims iPhone 5s price by 5.7%, Sina says

Beijing Telecom, a unit of China Telecom Corp. Ltd. (00728.HK), has cut the price of iPhone 5s by 5.7 percent, the first such move after the debut of Apple Inc.’s latest smartphone model amid fierce completion, the news website reported Friday, citing an online notice. The price of iPhone 5s will be lowered to 4,988 yuan (US$812.4) from 5,288 yuan, the report said. Meanwhile, the price of Samsung Note 3, a major iPhone rival, also will be cut by 500 yuan to 5,288 yuan, the report said.

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