For Apple in China, Fourth Place Isn't So Bad

Customers try Apple products, including the iPhone, at the company's store in Beijing on March 12, 2013. Apple's Wangfujing store is the largest in Asia. Photographer: Tomohiro Ohsumi/Bloomberg

Less than 24 hours after Xiaomi unveiled new products aimed at stealing away more Apple fans in China, the California consumer-electronics giant reported earnings that show it's still strong in the world's largest mobile market.

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