iPhone discounts lift Apple to second place in China’s shrinking smartphone market
AI Summary
Despite a 13% overall decline in smartphone sales during China's 618 shopping period, Apple managed to secure the second spot in the market thanks to significant iPhone discounts. This shift highlights Apple's resilience in a shrinking market where competition is fierce. The report from Counterpoint Research underscores the challenges Apple faces in sustaining growth amid a saturated market, raising questions about future strategies in one of its key regions.
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