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Apple Inc's dual SIM card design for new iPhones in the Chinese market will resonate well with local consumers, but the lack of a major upgrade is likely to dent their enthusiasm to buy them, experts said on Thursday.

Apple's Chief Operating Officer Jeff Williams unveils Apple Watch SE during a special event at the company's headquarters of Apple Park in a still image from video released in Cupertino, California, US on Sept 15, 2020. [Photo/Agencies]

Apple forecast a gross margin of 38 percent to 38.5 percent, higher than many analysts expected because new products often have higher costs.

Appreciation of nondollar currencies against a weaker greenback and a price increase of major countries' bonds held by China were major factors that contributed to the reserves' growth, said Wang Chunying, the administration's spokeswoman.

Around 330 million tons of raw coal was produced in December 2019, up 2.4 percent year-on-year, NBS data showed.