Report: Apple's Replaces Xiaomi As Top Smartphone Maker In China - Apple (NASDAQ:AAPL)

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Forbes on Monday

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reported that Apple Inc.'s (NASDAQ: AAPL) iPhone market share is declining nearly worldwide, except for one country – China.Forbes cited Kantar Worldpanel ComTech's surveys smartphone sales and concluded that a rolling three month period ending in February suggested that Apple's iPhone saw its market share decline for two months in a row in the U.S., Japan, Germany, Great Britain, Italy and Spain. On the other hand, iPhone sales ticked higher in France, but most notably, iPhone sales had a strong showing for the fourth month in a row in China. Apple grew its market share in China from 17.9 percent a year ago to 27.6 percent. By taking the number one spot in China, Apple has dethroned Beijing-based smartphone maker Xiaomi Inc."There has been a strong appetite for Apple's products in urban China seen since the launch of the iPhone 6 and 6 Plus and this has continued into Chinese New Year," Kantar's analyst Carolina Milanesi noted in its report. "China Mobile Ltd. (NYSE: CHL) subscribers accounted for 59% of the 27.6% volume share recorded by iOS in the latest period."