Apple Trailing China’s Coolpad Shows Need for Cheap IPhone: Tech
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Apple Inc. is being outsold in China, the world’s largest handset market, by a company less than 1 percent its size, highlighting how the lack of low-cost products limits the iPhone-maker in emerging nations.
China Wireless Technologies Ltd. is one of four domestic suppliers outselling Apple in China with smartphones tailored to the budget of the nation’s budding middle class. Its Coolpad 8060 retails for 619 yuan -- or just under $100 -- less than 20 percent the price of the cheapest iPhone.