Huawei is a Chinese company that makes phones and other devices. People in China are starting to like Huawei more than Apple's iPhones. The Chinese government also wants people to use less foreign stuff, so they are encouraging everyone to buy Huawei products instead of Apple's. Because of this, Apple is trying to make their phones cheaper and more attractive in China by giving big discounts. This makes the competition between Huawei and Apple more intense. Read from source...

- The headline is misleading and exaggerated. It implies that Huawei is directly causing Apple to slash prices, when in reality, it is a combination of factors such as market competition, consumer preferences, government policies, etc. A more accurate headline could be "Apple Slashes iPhone Prices By $70 For A Limited Time In China Amid Huawei's Rising Popularity".
- The article uses vague and unsupported terms like "growing favor for local brands" and "state-backed agencies and companies are increasingly being directed to shun foreign devices". These statements do not provide any evidence or sources to back them up, and they may reflect the author's personal opinion or bias. A more objective and informative way of presenting these points could be by providing statistics on market share, consumer surveys, government regulations, etc.
- The article relies heavily on Jefferies' prediction of a 30% drop in iPhone sales in China, which is based on the launch of Huawei's Mate 60 series. However, this prediction does not take into account other factors that may affect iPhone demand, such as the global chip shortage, the impact of the pandemic, consumer preferences, etc. A more balanced and nuanced analysis could be by acknowledging the potential contribution of these other factors and providing a range of possible outcomes rather than a single projection.
- The article does not explain why Apple is offering steeper discounts on its latest iPhones for the first time in years, or how this compares to previous pricing strategies. This information could be relevant for understanding Apple's business decision and its implications for its profitability and market position. A more insightful article could explore these questions by providing historical data, industry comparisons, expert opinions, etc.
- The article ends abruptly without a conclusion or summary of the main points. This leaves the reader with an incomplete impression and does not reinforce the key messages of the article. A better way of wrapping up the article could be by summarizing the main arguments, providing some implications or recommendations for investors or consumers, and highlighting the main takeaways from the article.

bearish

Key points:
- Huawei is gaining popularity and market share in China due to its state support and local production of advanced chips.
- Apple's iPhone sales in China are expected to decline by 30% after the launch of Huawei's Mate 60 series.
- Apple has reduced prices of its latest iPhones in China to attract customers, which is unusual for them.

Summary:
The article discusses how Huawei is heating up the competition with Apple in the Chinese market by offering advanced technology and lower prices. It also mentions that Apple's sales are projected to drop significantly due to this rivalry. The sentiment of the article is bearish towards Apple and bullish towards Huawei.