China overtakes U.S. as world?s largest smartphone market

China has overtaken the United States as the world’s top smartphone market by volume according to new data released on Wednesday. Market research firm Strategy Analytics found that a record 23.9 million smartphones were shipped in China during the third quarter, representing sequential growth of 58%. In the U.S., smartphone shipments fell to 23.3 million units, a 7% dip compared to the second quarter. “China?s rapid growth has been driven by an increasing availability of smartphones in retail channels, aggressive subsidizing by operators of high-end models like the Apple iPhone, and an emerging wave of low-cost Android models from local Chinese brands such as ZTE,” said Tom Kang, Director at Strategy Analytics.�”Nokia currently leads China?s smartphone market with 28 percent

Source: http://www.bgr.com/2011/11/23/china-overtakes-u-s-as-worlds-largest-smartphone-market/

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