It’s no longer a big secret that the global smartphone industry is in trouble, with a general lack of innovation and extended upgrade cycles routinely cited by analysts as the main reasons for consecutive quarterly sales declines reported over the past year or so.
The situation is no different in China, although at least as far as one company is concerned, excessive retail prices are another key factor playing a crucial role in this troubling trend. In fact, when Apple made the unprecedented move of drastically lowering its revenue forecast for last year’s final calendar quarter, Chinese ...
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