Smartphone sales expected to drop
Smartphone shipment growth in China will plummet by more than half to 7.8 percent next year, the first single-digit level since 2009, according to an industry report.
A declining base of first-time buyers will be the major reason, and future sales will be driven by the replacement market, research firm International Data Corp said.
The estimated growth rate for 2014 is 19.9 percent, the report said, with 420 million units likely to be shipped.
Despite the slowing growth, IDC said China will continue to lead the global smartphone market in total shipments. The Chinese market is nearly three times bigger than the runner-up, the United States, in terms of shipments, it said. (Photo 1)