China’s nationwide smartphone subsidy program may challenge Apple’s market position while aiding domestic brands like Huawei, Xiaomi, and Oppo. The initiative aims to boost consumer spending amid economic challenges by expanding trade-in subsidies to cover smartphones. With Apple’s shipments in decline, this could accelerate the shift towards domestic brands, influenced by local support and promotional campaigns.
China’s ‘good news’ for Xiaomi, Huawei and Oppo is ‘bad news’ for Apple
