24/7 Wall St. has identified the American companies that have done the best job of tapping into the growing market in China. It reviewed America's most iconic brands that are top sellers in the U.S. and abroad and reflect a cross-section of the economy. It then selected 10 companies with the largest market share in China by industry and product category to identify the most popular American brands with the most to gain — and the most to lose.
Competition: Lenovo, Samsung
While Apple effectively has zero presence in China's operating system market, its smartphone market share is not bad — fourth in the country, according to Reuters. But the company really shines in China's tablet market. According to consulting firm iResearch, Apple's iPad has a market share of 51 percent. Lenovo and Samsung are in second and third place, with 13.8 percent and 9.8 percent, respectively. A whopping 80 percent of consumers who are considering buying a tablet say their first choice is an iPad, reported TabTimes. According to Apple, the company's China sales for the quarter ended June 2011 increased six times from the same period the year before.