Apple Outsold in China and 4 Hot Stocks to Follow
Apple Inc. (NASDAQ:AAPL): Current Price: $510.16
In China, Apple is being outsold by China Wireless Technologies Ltd., a company that is less than 1 percent its size. This indicates the manner in which the lack of low-cost products limits the iPhone-maker in emerging nations, according to Bloomberg. The company is one of four domestic suppliers that is currently outselling Apple in China with smartphones to fit the budget of the nation’s growing middle class. The company’s Coolpad 8060 sells for slightly under $100, which is lower than 20 percent the price of the cheapest iPhone.
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