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Business

New Apple products face Asian struggle against cheaper rivals

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Apple CEO Tim Cook speaks at the launch of the iPhone 6 and Apple Watch at the Flint Center in Cupertino, California, on Sept. 9.   © Reuters

CLAREMONT, Calif. -- New, larger iPhones, the versatile Apple Watch and wireless Apple Pay system launched recently will likely attract more users to Apple's portfolio of gadgets and apps, but the world's most highly valued company still faces an uphill climb in Asia.

     While Apple dominates the $500-plus range in China's mobile phone market, it has less than 11% of the country's overall handset market, which is the world's largest.

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