Apple has found a way to spur smartphone sales in China. According to Engadget, the American company entered into an agreement with a number of local banks, according to which buyers of some iPhone models will receive interest-free loans (installments). So, for 271 yuan (about $ 40) per month you can get an iPhone XR, 362 yuan per month will cost iPhone XS.
Buyers who simultaneously purchase Apple products worth more than 4,000 yuan will be able to get an interest-free loan for a period of three months to two years, Reuters reports . The official price of iPhone XR and XS smartphones with 64 GB of memory in China is 6499 and 8699 yuan respectively.
Apple is also considering ways to motivate people to purchase its equipment in other countries.