Apple gives good news to iPhone lovers

Apple's chief, Tim Cook, has warned he could lower iPhone prices in some places to expand sales and stop losses.

Incomes from the sale of iPhones suffered decline in the last quarter for the company.

The company has blamed the slow economic development in China.

However, according to Apple's chief, Tim Cook, customers are reluctant to buy iPhones because of high prices.

For now, on Apple's official website, an iPhone XS costs $999 in the United States or 763 pounds, while in Britain it costs 999 pounds. China costs 989 pounds.

Now Cook has said that the technological giant will redefine the price to protect customers, the BBC reports.

The company also expects that even in the current quarter, which closes on 31 March, there will be a drop in revenues compared to last year.