Insight: How Samsung is beating Apple in China

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    Anonymous

    Technology News

    Picture illustration of Samsung Electronics' Galaxy S4 and Apple's iPhone 5 taken in SeoulBy Melanie Lee and Miyoung Kim GUANGZHOU, China/SEOUL (Reuters) – Apple Chief Executive Tim Cook believes that “over the arc of time” China is a huge opportunity for his pathbreaking company. But time looks to be on the side of rival Samsung Electronics Co Ltd, which has been around far longer and penetrated much deeper into the world's most populous country. Apple Inc this week said its revenue in Greater China, which also includes Hong Kong and Taiwan, slumped 43 percent to $4.65 billion from the previous quarter. That was also 14 percent lower from the year-ago quarter. …


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