Mar 8, 2013
In what has to be bad news for Apple (NASDAQ:AAPL) the latest sales figures for China’s smartphone industry have hit the web via Taiwan’s premier rumor-monger, Digitimes. Compiling data from iiMedia they have reported that more than 77% of all smartphones sold in China in 2012 cost less than ¥2000, or ~$320. Samsung leads the way with 22.5% of sales while Apple grabbed just 7.7%. IT is the rise, however, of the Chinese manufacturers that need to be taken seriously.
Read the read at Investor’s Hub Daily.