Analyst: Apple's fight in China will ctinue this year as local competiti intensifies

Apple, despite its growing interest in China over the years, has been cfrted by a new wave of competiti from local smartphe manufacturers that has hindered its growth in the country. An analyst does not see things improve this year, either …

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In a note to investors obtained by CNBC today, l & rsquo; UBS analyst Steven Milunovich explained that the Chinese smartphe market ctinue to slow down this year. The analyst attributes this to slowing down the upgrade cycles and saturati as new smartphe manufacturers enter the market. Milunovich writes:

"We think it's doubtful that China will return to its 2015 peak as local brands catch up and that upgrade cycles ctinue," writes analyst Steven. Milunovich in a note to customers. Purchasing habits, the market as a whole began to slow down due to saturati and lger upgrade cycles. Our experts have agreed that upgrade cycles have begun to lengthen in 2017 and …

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