While Apple´s iPhone 6S got an enthusiastic reception in Shanghai, some observers see some of the glory of the US giant is fading. Rupert Hoogewerf of the China Rich List sees even some of the rich moving to the domestic competitor Huawei, he tells the International Business Times.
International Business Times:
And there are signs that even Apple, which has stayed above the fray, trading on its reputation for innovative software, is facing tougher challenges.
“I do get the impression that the Apple effect has faded a little,” said Rupert Hoogewerf, CEO of Hurun Report, which specializes in trends among China’s wealthy consumers and last year named Apple for the first time as the country’s most valued luxury brand for gifting. “I’ve seen lots of leading Chinese entrepreneurs carrying Huaweis recently — I’d say between 10 and 20 percent have them now,” he added.
Are you looking for more stories by Rupert Hoogewerf? Do check out this list.