China biggest and fastest growing smartphone market
November 28, 2013 Category Uncategorized
China accounted for nearly 40% of the global smartphone market as of the third quarter, and enjoys the world’s biggest growth in smartphone sales. Smartphone shipments for the third quarter stood at roughly 100 million in China, a year-on-year increase of 64%, according to research firm Canalys. Samsung Electronics has nabbed nearly 20% of the market, but local vendors are presenting a threat to the South Korean smartphone maker. “In China, local vendors Lenovo Group, Yulong Co and Huawei Technologies Co are directly following Samsung,” said Nicole Peng, Research Director at Canalys China. Apple’s strategy to prioritize China as one of the initial launch countries for its new products has the United States company clinching fifth place, followed by Xiaomi Corp and ZTE Corp. IDC, a U.S.-headquartered consulting firm, estimates that China’s smartphone shipments could hit 360 million this year, while the global total is on track to break 1 billion, representing a 40% year-on-year jump. “Rapid growth is the result of a variety of factors, including steep device subsidies from telecom carriers as well as a growing array of smartphones priced below USD200,” IDC said. It forecast that China’s smartphone shipments will exceed 450 million by 2014, boosted by an increasing penetration rate of mobile devices and the upcoming fourth-generation (4G) telecommunication networks. Canalys researchers said that large-screen smartphones-those 5 inches and larger-are grabbing market share from smaller products. “Over the next year, the Asia-Pacific is expected to continue to lead the demand for large-screen smartphones,” said Wang Jingwen, Shanghai-based Analyst with Canalys.
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