Apple is offering rare discounts on its iPhones in China, cutting retail prices by as much as 500 yuan ($70) amid growing competitive pressure in the world's biggest smartphone market. Sales of Apple's latest iPhone 15 series of handsets have been far worse than previous models in China. Home-grown rivals such as Huawei Technologies and Xiaomi offer competitive models, while sources have said some companies and government departments have been limiting staffers' use of Apple devices - mirroring U.S. government restrictions of Chinese apps on security grounds...

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Apple is cutting retail prices by as much as 500 yuan ($70) amid growing competitive pressure in the world's biggest smartphone market...

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Saudi Arabia’s sovereign wealth fund has pumped more than half a billion dollars into a virtual reality headset to rival Apple’s Vision Pro goggles...