Apple’s latest iPhone 5 might be a powerhouse globally, fighting Samsung for top rank, but weak distribution and a high price tag are limiting its sales in China, where it’s soon to become the world’s largest smartphone market. Though the iPhone continues to be hugely popular among Chinese consumers, this may not be enough to hold onto the interest of China’s 290 million smartphone users. China is still Apple’s second-largest market, but iPhone sales are losing traction to competition from Samsung, as well as domestic handset makers like Xiaomi. Upstart Chinese smartphone maker Xiaomi is on track to post $2 billion in sales, with some tricks borrowed from Apple’s playbook. Remember to click the hyperlink at the end of the video to watch the related show: “Can China grow an Apple ? “
SOURCE: Reuters TV
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