China be­com­ing big­gest mo­bile phone mar­ket

China Daily (Canada) - - NEWSCAPSULE -

China will be­come the world’s largest mo­bile phone mar­ket by rev­enue for the first time by year end, over­tak­ing the United States, an in­dus­try re­port said.

Phone sales will reach $87 bil­lion in China dur­ing 2014, a jump of 53 per­cent year-on-year. That com­pares with $60 bil­lion pro­jected sales in the US, Strat­egy An­a­lyt­ics said. China leads the global mo­bile phone mar­ket in many ways, the Strat­egy An­a­lyt­ics re­port said, but the US is most likely to re­main the most valu­able mar­ket by profit for a while.

Smart­phones dom­i­nate sales. Chi­nese shop­pers will buy more than 400 mil­lion this year, ac­cord­ing to lo­cal re­search com­pany Analysys In­ter­na­tional. The amount is on track to break 500 mil­lion by 2016, it

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