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>> APPLE INC Latest News

JUL 24, 2013 - Business Insider

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Apple Shouldn't Be Mystified About Why Its China Sales Collapsed — Competitors Are Offering More For Less (AAPL)

SAN FRANCISCO/HONG KONG (Reuters) - A sharp drop in Apple Inc's China revenue in April-June underscores the challenges it faces in its second-largest market as the technology gap with cheaper local rivals narrows and as Samsung Electronics keeps up a steady stream of new models across all price ranges. While investors marked up Apple shares as the company sold more of its iPhones than expected, the stock rally may prove short-lived as demand for its products fades in China. Analysts predict Apple will lose market share in the world's ... Read More

Tags: Apple Shouldn't Be Mystified About Why Its China Sales Collapsed — Competitors Are Offering More For Less (AAPL),  Apple Inc Latest News