China is the largest smartphone market in the world followed by India and the U.S. While Counterpoint Research notes that smartphone sales declined 8% during last month's"618" holiday , sales of the iPhone in China rose 8% during the shopping holiday. And a forecast made by NXP indicates that the iPhone's upward trend in China will continue.
You might recall that back in 2016 Qualcomm offered to buy NXP for $110 a share and then hiked that bid to $127.50 or $44 billion. However, the deal required one last country to give regulatory approval and that was China. Eventually,
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