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Analysts predicted features like OLED displays, wireless charging, and even perhaps augmented reality could come to upcoming iPhone models.

Analysts said the cooperation will extend a helping hand to the joint venture as well.

And China's rapid urbanization means this transformation will come much sooner here than in other countries. In light of this trend, China has set up comprehensive plans to transform and upgrade its automotive industry.

An said the three companies will also cooperate in terms of production and purchasing.

And, importantly, they differentiate the retail experience from what Amazon (presently) offers.