Chinese phone makers outpace Apple in price and value | Daily News

Chinese phone makers outpace Apple in price and value

Apple reduced its revenue expectations for the first time in 16 years and attributed its disappointing sales to China, the company’s third-largest market. However, industry observers said competitive Chinese phone makers are the main reason for Apple’s sales slump, according to a New York Times. Rising Chinese phone makers, such as Huawei, Xiaomi, Oppo and Vivo, are “increasingly winning fans, in places like France, Germany, India and Southeast Asia, where consumers find that the phones can do just about everything an iPhone can do at a fraction of the cost,” said The New York Times.

“The cost difference is notable,” said the media. An iPhone XR starts at around $950 in China, and the iPhone XS at around $1,250. Meanwhile, Huawei’s high-end handsets are priced as low as about $600, and Xiaomi’s comparable models are even less.

Huawei, the world’s No 2 smartphone seller, and Xiaomi, the No 4 mobile brand in Europe, also won customers worldwide by sponsoring local concerts and the World Cup, according to technology research firm Canalys.

Xiaomi has also become the top seller of phones in India, in part by opening hundreds of stores in rural areas, the US media added.



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