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Apple Faces ‘Informal Boycott’ From China Consumers, Says BAML

“According to a survey conducted by our colleagues in equity research, consumers in China and India are showing less interest in upgrading to an iPhone and more interest in upgrading to Xiaomi and Samsung,” Bank of America Merrill Lynch economists Ethan Harris and Aditya Bhave wrote in a recent note. “Apple sales may also suffer from a general redirection of Chinese demand away from U.S. products.
Tags: Apple, Science, China, India, Xiaomi, Baml, Samsung '' Bank of America Merrill Lynch, Ethan Harris, Aditya Bhave