Is Apple’s Attitude Towards Bitcoin Hurting Chinese iPhone Sales?

Is Apple’s Attitude Towards Bitcoin Hurting Chinese iPhone Sales?

According to a new report from market research firm Counterpoint Research, Apple has dropped into fifth place in China’s smartphone market. Is the iPhone Trailing Behind its Competitors Because of Bitcoin? This news is a huge blow to the tech giant, as China represents Apple’s biggest customer base outside of the United States. Additionally, this news follows an earlier market report from the second quarter of 2016 that showed an overall decline in iPhone sales from 2015. IPhones made up 10.8 percent of devices sold in China for the month May, down from 12 percent a year earlier, according....


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