China Dethrones iPhone, Samsung Sales Surge
Apple’s market cap may rule the S&P, but it’s a different story in China. The tech giant is struggling to efficiently capture a leading share of the country’s massive market, while Samsung is proving a substantial opponent. With more than three times the market space over Apple (24.3% vs 7.5%), the South Korean company has a strong lead in subscribers which isn’t expected to be challenged any time soon. According to Bloomberg, Samsung’s blanket strategy proved much more effective in gaining subscribers than Apple’s tactically narrow approach: “Apple’s partnerships with China’s second- and third-largest carriers give it access to about 34 … Read more