According to data from Canalys, Apple (NASDAQ:AAPL) captured only about 4.8% of all smartphone shipments in China during the second quarter. Cheap smartphones continued to push Apple's iPhone out of the picture.
This is certainly disappointing news to Apple investors. The country remains the world's largest smartphone market, and Apple's market share is hurting. But can an iPhone 5C change the story? Fool contributor Daniel Sparks thinks so.
In the following video, Daniel tells investors why the Chinese market is so important to Apple. Then he highlights new datafrom Morgan Stanley's Katy Huberty that suggests the combination of an iPhone 5C and a partnership with China Mobile could launch the company to No. 1 in market share in the country.