China’s ‘good news’ for Xiaomi, Huawei and Oppo is ‘bad news’ for Apple – Times of India
China’s new nationwide smartphone subsidy program could further erode Apple’s market position while boosting domestic rivals Huawei, Xiaomi, and Oppo, as the world’s largest smartphone market moves to stimulate consumer spending.The National Development and Reform Commission announced Friday that China will expand its trade-in subsidies to cover smartphones and other personal electronics, marking a significant…