News Column

China's smartphone market slows

February 13, 2014



China's stellar smartphone market has slowed for the first time in more than two years as smartphone shipments fell 4.3% during 2013's fourth quarter to 90.8 million.

The reason behind this slowdown was that many suppliers held back deliveries ahead of the start of China`s high speed 4G network on December 18.

"The world has increasingly looked to China as the powerhouse to propel the world`s smartphone growth and this is the first hiccup we`ve seen", said researcher Mellissa Chau.

As China`s smartphone market is becoming increasingly crowded, growth will probably start shifting to other emerging markets.

India for example, has taken the number three ranking of largest smartphone markets in the world in 2013.

Moreover, the Chinese players are getting more interested in the international market.

The latest example is Lenovo's acquisition of Motorola, while smaller manufacturers like Oppo, BBK and Xiaomi are increasing their international expansion.

But during the first quarter of the year smartphone sales may be boosted due to the deal between Apple and China mobile that made iPhones available in China.


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Source: ICN.com Financial Markets


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