Chinese consumers are spending more on smartphones, with the average selling price in mainland China reaching $450 last year and expected to continue growing, according to market research firm Canalys. This is positive news for Apple, as the high-end smartphone market remains resilient, despite overall smartphone shipments in China falling. Apple's ecosystem, including its iOS operating system and accessory hardware, has helped the company fend off competition from Android players. However, Huawei remains a strong competitor in the premium market, and Chinese smartphone giants are launching foldable phones to challenge Apple's dominance.

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