The result: a loss of share in a key segment for Apple and fresh price cuts for iPhones by Chinese retailers. “Of those people who are upgrading, there are many switching from Apple to Chinese brands but very few switching from Chinese brands to Apple,” said Jiang Ning, who manages a Xiaomi store in the northern province of Shandong. “Most Chinese smartphone buyers are not ready to shell out beyond $1,000 for a phone,” said Neil Shah, research director at Counterpoint. 2 smartphone maker, has estimated revenue for 2018 rose 21 per cent, which analysts attribute in large part to robust smartphone sales. The shift to higher-end phones by Chinese brands has also meant greater inroads in overseas markets.

Source: The Express Tribune March 22, 2019 10:52 UTC