With the smartphone market in the developedregions getting more saturated (U.S. smartphone sales grew y-o-y by just 9% in Q2 2012) amid concerns that iPhone innovation has plateaued, Apple needs emerging markets such as China to drive iPhone growth in the coming years.
The State Council also pointed to a big wealth gap between the urban and rural regions and vowed to provide more fiscal support for the less developed central and western regions of the country.
With the smartphone market in developedregions such as the U.S. getting more saturated (U.S. smartphone sales grew y-o-y by just 9% in Q2), Apple will be looking to tap the fast-growing emerging markets such as China to grow at historical rates.