China becoming biggest mobile phone market
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