China-based online retailers discount iPhone 8 after lackluster sales

Online retailers in China are discounting the new iPhone 8 and 8 Plus by up to 1,100 yuan ($165.50) after they failed to sell well. The South China Morning Post reports today that China’s largest electrical appliance retailer, Suning Appliance, is lowering the devices' prices and offering additional discounts to anyone who puts a 100 yuan deposit down on a larger-capacity iPhone 8 model.Another online retailer, JD.com, is offering 50 yuan ($75), 700 yuan ($105), and 800 yuan ($120) discoun