Chinese smartphones cheaper and cheerful, outsmart Apple’s iPhone

By Melanie Lee, VanCouver Sun:

In China’s booming smartphone market, which is set this year to overtake the United States as the world’s largest, a host of little-known local firms are primed with cheap phones to squeeze market share from U.S. giant Apple Inc’s iPhone.

In the latest local challenge to the iPhone, Xiaomi Technology on Thursday launches the successor to its popular MiOne smartphone, which is expected to have top-end specifications exceeding those of the iPhone 4S – at around half the price.

While iPhone sales will increase in China, Apple’s market share may stagnate or even dip as the market’s changing demographics mean the iPhone flourishes in just a handful of wealthy Chinese cities, analysts said… Read more

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