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Last updated: August 22nd, 2013 at 09:07 UTC+02:00
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“Apple has lost its luster in China in the past six months and is no longer the must-have product in any category,” said Shaun Rein, managing director of China Market Research Group in Shanghai. “Consumers are more price-sensitive. Before, people would skip lunch to buy an iPad.”
It looks like while Apple's products are good, people are unwilling to pay the price premium the Cupertino company demands, which ultimately might be a problem in large smartphone markets like China and India. It's good news for Samsung though, who despite falling revenue in China can at least claim to have a bigger and bigger pie of the market share as time goes by.
Abhijeet's writing career started with guides for custom firmware for Samsung devices (including the original Galaxy S), and he moved to SamMobile in mid-2013 and worked up the ranks to Editor-in-chief. In addition to phones and mobile devices, his interests include gaming on both PC and console, PC hardware, and spending countless hours on YouTube watching videos on tech, movies, games, politics, and internet dramas.