iPhone 5 hits China as Apple mkt share dips

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SummaryThe China release of its iPhone 5 on Friday should win Apple some respite from a recent slide in its share of what is likely already the world’s biggest smartphone market, but its longer-term hopes may depend on new technology being tested by China’s top telecom carrier.

The China release of its iPhone 5 on Friday should win Apple some respite from a recent slide in its share of what is likely already the world’s biggest smartphone market, but its longer-term hopes may depend on new technology being tested by China’s top telecom carrier.

Apple has been in talks about a tie-up with China Mobile for four years. A deal with China’s biggest carrier is seen as crucial to improve Apple’s distribution in a market of 290 million users — which is forecast to double this year. China is Apple’s second-largest and fastest-growing market but the firm’s failure to strike a deal with China Mobile means it is missing out on a large number of phone users.

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