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Apple's iPhone is losing ground in China while local rivals surge

  • Smartphone shipments in China grew 3.3% in Q1, but Apple's iPhone shipments fell by 9%.
  • Apple was the only major smartphone maker to lose market share in China.
  • Xiaomi surpassed Apple to become the leader in the Chinese smartphone market with a 39.9% increase in shipments.
  • Apple's premium pricing structure and lack of access to government subsidies were cited as reasons for its decline in China.

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