Xiaomi's CEO sees 5G launch boosting China's moribund smartphone market

Smartphone manufacturers can't be happy with the current state of the market in China. Thanks to the trade war with the U.S., the Chines...

Smartphone manufacturers can't be happy with the current state of the market in China. Thanks to the trade war with the U.S., the Chinese economy is anemic. Recently, Apple cited weak demand in China for the iPhone as one of the reasons why it lowered its first fiscal quarter revenue guidance. And last week, Apple cut the price of the iPhone 8, iPhone XS and iPhone XR for third party resellers in China. Those prices are now trickling down to consumers in the country.

But the co-founder and CEO of Chinese smartphone producer Xiaomi sees better times ahead. In a chat with Bloomberg, ...

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