Apple Loses Fourth Place to Xiaomi in Booming China Smartphone Market

Apple has fallen to fifth place in China’s booming smartphone market, where combined sales reached 131.6 million units in the fourth quarter of 2016, accounting for nearly a third of worldwide shipments. The Q4 figure confirmed the highest ever annual amount of smartphones sold in China, according to market research firm Canalys, with shipments for the year reaching 476.5 milli…
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