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  • marsavian marsavian Feb 12, 2013 7:30 PM Flag

    China set to lead smartphone market in 2013


    China will cement its lead as the world's largest smartphone market in 2013 as the nation is expected to sell 240 million smartphones, nearly one-third of global shipments, industry analysis firm Canalys said

    "In total, developing markets will contribute 70 to 80 percent of the growth this year," it added.

    Chinese makers, such as Lenovo Group, ZTE Corp and Huawei Technologies Co, have released a series of low-end handsets priced at around 1,000 yuan ($160), targeting buyers with lower incomes.

    The US research company Gartner said in November that Lenovo will become China's top smartphone maker before the end of this year.

    "Lenovo is positioned at the mid-to-lower end, which will drive much of its future growth, and this is where global brands are less competitive," said Gartner.

    Low-cost smartphones have drastically accelerated the decline of feature phones in China, and a similar trend is expected to be seen in other emerging markets in the next three years, Canalys predicted, adding Chinese companies will be given an opportunity to copy their business model to more emerging markets.

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