Hold on to your Apple watch it might be come a collectors item. A memento for Apples wild and crazy ride where is was the darling of the US stock markets and the darling of gadget crazy Asians who unfortunately have run out of ready cash to spend of high priced Apple gadgets and doo-dads
 This is the Chinese company that Apple fears the most>>>>
  
Xiaomi retakes the smartphone lead in China as Apple slips Engadget1 day ago
 Aug 03, 2015 ·
 It looks like Apple's time 
at the top of China's smartphone heap was short-lived. Researchers at Canalys 
estimate that local brand 
Xiaomi has once again become the country's smartphone market share leader, snagging 15.9 percent of shipments during the second quarter of the year. In fact, Apple is down to third place -- one of Xiaomi's fastest-growing rivals, Huawei, claimed the runner-up spot with 15.7 percent. Samsung and 
Vivo rounded out the top five.
It's not certain what tipped the balance for Xiaomi, although big phones like the Mi Note (shown above) likely helped. That leadership might not survive for much longer, however. As IDC warned earlier, the days of a rapidly expanding Chinese phone market appear to be over. Vendors are mostly trying to poach customers from each other, rather than enticing first-timers who are finally well-off enough to buy a smartphone. In a volatile climate like that, it might only take one hit phone (or a spectacular flop) to shake things up.