People aren't going to buy a $850 apple when they can get a $300-400 (equivalent in Yuan) oppo or xiaomi that is very near top end flagship Android specs.
I think it is well established that the price range for iPhones has always been skewed towards the high end of the market. But iPhones at the low end of that range have always still been considered premium phones relative to the entire market.
https://gadgetmatch.com/apple-samsung-huawei-global-smartpho...