Apple teams up with Alipay to boost iPhone sales in China

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iPhone XS box gold
Things don't look good for iPhone in 2019.
Photo: Ste Smith/Cult of Mac

Apple has joined forces with Alipay in an effort to boost iPhone sales in China.

iPhone fans can now bag one of the company’s latest handsets with up to two years of interest-free finance. The loan allows customers to swap the costly upfront fee for much more affordable monthly payments. It’s available on purchases of 4,000 yuan (approx. $595) or more.

Foxconn cuts 50,000 workers early as iPhone struggles

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Which new iPhone is for you? It really comes down to size.
Apple knows the iPhone is getting too expensive.
Photo: Ste Smith/Cult of Mac

Foxconn, Apple’s largest manufacturing partner, has cut 50,000 workers ahead of schedule as a result of weak iPhone demand.

The first cuts came last October, months before Foxconn typically scales back its workforce in preparation for slow season, according to a source familiar with the move. It is believed that Foxconn isn’t the only Apple supplier making cuts, either.

Apple wildly underestimates demand for cheap iPhone batteries

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Right to Repair
They’re likely to be Apple’s last 7nm chips.
Photo: iFixit

Apple reportedly replaced a whopping 11 million iPhone batteries last year — 10 times as many as anticipated.

Apple CEO Tim Cook has already cited this as one of the reasons why new iPhone sales are slowing. It is believed the company expected to perform between 1 and 2 million replacements under its heavily-discounted $29 program.

Samsung will make life even harder for iPhone on February 20

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Samsung Galaxy S10 teaser
You won’t be blown away by Galaxy S10 performance.
Photo: Samsung

Weakening demand for the iPhone could get worse next month when Samsung delivers its next-generation smartphone lineup.

The South Korean company has confirmed a Galaxy Unpacked event on Wednesday, February 20. Its teaser video all but confirms the Galaxy S10 will be the star of the show.

Slowing iPhone sales cause Apple suppliers to suffer

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iphone XS
It’s not just Apple that’s feeling the impact.
Photo: Apple

Slowing iPhone sales aren’t just bad news for Apple.

Foxconn, the company’s largest manufacturing partner, is also suffering as a result of weakening iPhone demand, with revenue for December falling 8.3 percent year-over-year.

It’s the first time Foxconn has experienced a drop in revenue in almost a year.

Samsung also suffers as smartphone sales slump in China

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Samsung Galaxy Note 8
Apple isn't the only one suffering in China.
Photo: Killian Bell/Cult of Mac

It turns out Apple isn’t the only smartphone maker that’s suffering from falling sales in China. Samsung, one of the iPhone’s biggest rivals, is also expected to follow Apple in confirming lower than anticipated revenue for the fourth quarter of 2018.

The South Korean company’s warning, which will reportedly come on Tuesday, will reveal a 12 percent fall in year-on-year operating profit for the three-month period. Revenue is also expected to drop 5 percent.