Chinese sales of foreign phone makers, including Apple, decline 9.7% in May

Sales of foreign-branded mobile phones in China, including Apple, dropped 9.7% in May, with 4.54 million handsets shipped, according to data from CAICT. Apple’s performance is crucial in this market. To compete with domestic rivals, Apple slashed prices, with discounts of up to $351 on the latest models in May. Domestic phone shipments within China also fell by 21.8% to 23.72 million handsets.

Read more at Yahoo Finance: Chinese sales of foreign phone makers, including Apple, drop 9.7% in May