Apple (AAPL) has cut prices on its iPhones sold in China, specifically offering discounts to its products on Tmall, China's biggest e-commerce site. The aggressive cut comes as competition heats up with competitor Huawei as it released its latest high-end smartphone: the Pura 70 Ultra.

Yahoo Finance's Akiko Fujita joins Catalysts to break down the latest development for Apple in China and what it means for the device maker moving forward.

For more expert insight and the latest market action, click here to watch this full episode of Catalysts.

This post was written by Nicholas Jacobino