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And as Huawei customers graduate to higher end gadgets above 0, the Chinese company will have to compete head-to-head with Apple on quality and features.

Ang Ziyu (left) pays for food as part of a life skills training activity organized for visually impaired students at a mall in Shanghai on Aug 14, 2020. [Photo/Xinhua]

Analysts also noted that behind the wave of goodwill impairment could be earnings management behavior. That is, the companies use accounting techniques to "modify" financial reports.

Analysts said a main challenge for China next year is to maintain robust growth while pushing deleveraging and cutting corporate debt to prevent financial risks.

And we round things out with a discussion of our New Year’s Tech Resolutions for 2016. John wants to cut the cord (Holly is skeptical); Taylor wants to?become better about organizing and backing up his photos in the cloud; and I resolve to be more of a human on Twitter. (Listen for an explanation.)