New numbers are out for China's highly competitive smartphone market — and they're a troubling sign for Apple.

Bank of Japan (BOJ) Governor Kazuo Ueda attends a press conference after the central bank's policy meeting at BOJ headquarters in Tokyo, Japan, March 19, 2025. REUTERS/Manami Yamada/File Photo ...

Definition: Reference price is also known as competitive pricing, because here the product is sold just below the price of a competitor’s product. Reference price is the cost at which a manufacturer ...