Apple lowered its price in China
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According to local media reports, Louis Vuitton, a unit of LVMH. PA, and Gucci, a unit of Kering, PRTP. PA, also cut the recommended retail price in China by about 3%.
Last month BMWG. DE and Mercedes-Benz said they would cut the prices of several models after tax adjustments.
Apple declined to comment on the price cut, while LVMH and Kaiyun did not respond to requests for comment.
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