In advance of Apple Inc.’s (AAPL
) launch of the iPhone 5c and 5s in China, the technology giant has cut the price of the phones for the Chinese market.
Apple’s China website has prices listed at 4,938 yuan for the iPhone 5s and 4,138 yuan for the 5c, marking a 350 yuan price cut from both prices. In Hong Kong, Apple has cut the prices by HK$390 to HK$5,198 for the 5s and HK$4,298 for the the 5c.
Apple’s iPhones are expected to launch in China on January 17. Apple and China Mobile made a deal last month for the Chinese phone company to start carrying Apple’s phones.
Apple shares were up $2.98, or 0.56%, in pre-market trading. The company is just 6.71% off its 52-week high.
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