Apple teams with Ant Financial, banks for interest-free iPhone financing in China

//Apple teams with Ant Financial, banks for interest-free iPhone financing in China

Apple teams with Ant Financial, banks for interest-free iPhone financing in China

Apple has teamed up with Chinese payments giant Ant Financial Services Group and several local banks to offer interest-free financing, its first such move in the country as it looks to boost waning smartphone sales.The US tech behemoth issued a rare revenue warning last month citing weaker iPhone sales in China, one of its most important markets, where consumer spending has taken a hit due to a slowdown in economic growth.On its China website, Apple is promoting the new scheme, under which…

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By | 2019-02-22T09:15:01+00:00 February 22nd, 2019|Technology|Comments Off on Apple teams with Ant Financial, banks for interest-free iPhone financing in China