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Apple Falls Out of Top 5 Smartphone Vendors in China as Domestic Brands Dominate the Market
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Apple's market share in China has been on a steady decline, dropping to 14% in the second quarter from 15% in the first quarter and 16% a year earlier. This reduction in market share signifies a challenging period for Apple in the Chinese market, where local brands are rapidly gaining ground.
European Stocks Poised for Mixed Opening as Selloff Eases; U.S. Inflation Data on the Horizon
LONDON — European markets are expected to open mixed on Friday as the global stock selloff shows signs of easing and investors turn their attention to upcoming U.S. inflation data. Over the last two sessions, the pan-European Stoxx 600 has closed lower, largely driven by a significant downturn in technology stocks.
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