Chinese Smartphone-Makers Must Spend Big to Challenge Apple, Oppo’s China Chief Says

Chinese smartphone-makers will only be able to challenge Apple Inc.’s dominance in the country’s high-end handset market if they continue to plow cash into technology, including foldable phones, a top executive at one of the country’s aspiring iPhone challengers says.

The U.S. giant’s phones made up an increasing share of the over-$600 segment in China last year, according to a report (link in Chinese) from Counterpoint Research. IPhones made up 63.5% of the market, compared to just over 55% in 2020.