HANGZHOU/SHANGHAI (Reuters) – A cheaper price tag and new options might not be sufficient for Apple Inc (AAPL.O) to win clients for its newly-launched iPhone 11 collection in China, the world’s largest smartphone market that’s already crowded with cheaper and feature-packed rival handsets.

FILE PHOTO: CEO Tim Prepare dinner presents the brand new iPhone 11 at an Apple occasion at their headquarters in Cupertino, California, U.S. September 10, 2019. REUTERS/Stephen Lam/File Photograph

Apple’s unveiling of three new iPhones in California met with a limp response on Wednesday from analysts and on social media in China, the place the U.S. big has been dropping floor to…

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