The iPhone 6S, released in September, came too soon after the original iPhone 6 model in 2014 to encourage upgrades. “If you look at Huawei phones, or Xiaomi phones, it’s like ‘Wow they’re really good’,” said John Butler, a Bloomberg Intelligence analyst. The 29-year-old embodies the challenges in China for Apple, which has lost ground to local competitors. China generates about a quarter of Apple’s revenue, and deterioration there accounted for much of the sales drop. “It’s a function of cheaper phones becoming good enough,” said Abhey Lamba, a San Francisco-based analyst at Mizuho Securities who recommends buying Apple shares.

Source: Thanhnien News July 24, 2016 20:15 UTC