this post was submitted on 17 Oct 2023
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131
Apple's iPhone loses top spot in China to Huawei: Analysts (www.cnbc.com)
submitted 1 year ago by [email protected] to c/[email protected]
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Apple's iPhone loses top spot in China to Huawei: Analysts::Huawei overtook Apple's iPhone in the leading spot for smartphone market share in China.

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[–] [email protected] 18 points 1 year ago (3 children)

The middle class in China is larger than the middle class in the US. The number of poor is also larger. But it is no longer a nation of poor people.

[–] [email protected] 4 points 1 year ago (2 children)

What constitutes the middle class in China? How comparable is it to the US?

[–] [email protected] 8 points 1 year ago (1 children)

Yeah if we're using the offical federal definitions, the US's definition of poverty is laughably lower than it should be

[–] [email protected] 4 points 1 year ago* (last edited 1 year ago)

For reference, in the US in 2023, if you are a family of two and your combined annual income is $19,800.00 you are considered to be above the poverty line. This figure represents income BEFORE taxes are taken out.