Apple's high-end iPhones said to receive discounts in China
Jozsef Zoltan Varga/iStock Editorial via Getty Images

Apple's (NASDAQ:AAPL) highest-end iPhone, the iPhone 14 Pro, is reportedly receiving discounts from Chinese retailers by more than $100 as the smartphone market in the world's most populous country continues to remain weak.
The discounts are happening at JD.com (JD), Chinese telecom carrier China Mobile and other offline Apple licensees, the China Securities Journal reported.
Last month, research firm Canalys said worldwide smartphone sales in the final three months of last year fell by 17% from the fourth quarter of 2021, to about 300M devices.
For all of 2022, Canalys said smartphone sales fell by 11% from 2021, to 1.2B devices.
On Apple's (AAPL) first-quarter earnings call, CEO Tim Cook said the company's position in China had started to improve towards the end of last year following the country's draconian COVID-19 restrictions.
"When you look at the opening that started happening in December, we saw a marked change in traffic in our stores as compared to November," Cook said on the earnings call. "And that followed through to demand as well." 
Apple (AAPL) shares fell nearly 1% to $153.04 in premarket trading on Monday.
Separately on the earnings call, Apple's (AAPL) Cook said artificial intelligence "is a major focus" of the tech giant and is impacting all of its products and services.