Nokia Losing Wealthy Chinese Customers To Apple [Headlines]
Nokia once controlled more than half of the upper middle class market in China. In less than three years, it has dropped to 10 percent.
While Nokia, the former leading manufacturer in China, is in heavy weather, Apple is booming in the same market. The difference, according to market analyst Shaun Rein in CNBC? Nokia lost the wealthy Chinese, where Apple is winning them. Shaun Rein says: