Fallen Apple: Why iPhone is losing smartphone war to China's Xiaomi in Asia

Apple's market share is stagnant or declining in Asia, paving the way for other smartphone makers

The iPhone X has set a new benchmark for smartphone prices and bolstered Apple Inc's bottom line, but its steep price may be hobbling its future in Asia’s biggest markets and allowing Chinese challengers to grab market share.

Buyers from India to Indonesia are opting for models from Chinese smartphone makers like Xiaomi Corp.—sometimes called “the Apple of China”—along with BBK Electronics Corp.’s Oppo and Vivo.

China’s manufacturers are increasingly churning out higher-priced devices that compete directly with Apple’s smartphones. They often have high-end features, but carry lower price tags than the iPhone X or even older iPhone models. They