
“Apple has lost its luster in China in the past six months and is no longer the must-have product in any category,” said Shaun Rein, managing director of China Market Research Group in Shanghai. “Consumers are more price-sensitive. Before, people would skip lunch to buy an iPad.”
It looks like while Apple's products are good, people are unwilling to pay the price premium the Cupertino company demands, which ultimately might be a problem in large smartphone markets like China and India. It's good news for Samsung though, who despite falling revenue in China can at least claim to have a bigger and bigger pie of the market share as time goes by.