Pursuits
Apple’s China Problem Is That Local Phones are Good -- and Cheap
- Maker of iPhone has lost market share to Huawei and Oppo
- Apple third-quarter sales on July 26 seen showing decline
China's Huawei Plans to Ramp Up R&D
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For Beijing resident Nie Miao, spending 5,000 yuan ($749) on a new iPhone 6S from Apple Inc. “just isn’t an option.”
That’s because the lion’s share of his 7,000 yuan monthly pay goes toward the mortgage on the downtown apartment he bought last year. And he’s perfectly happy with the 2,000 yuan handset he got from Huawei Technologies Co.