iPhone profit share in China less than 4%

On July 17, Mr. Liu Changyu, Commercial Counselor of the Foreign Trade Department of the Ministry of Commerce pointed out that China is already a big trading country, but it is big but not strong. China mainly focuses on low value-added processing and manufacturing, and it is not competitive in high value-added sectors, such as the iphone. Mobile phones, the United States, Japan, and South Korea received 49.4%, 34%, and 13% profit sharing based on design and technology, respectively. China's profit from production was less than 4%.