Just In
- 4 hrs ago OPPO Find X7 Ultra Camera Deep-Dive: Pushing the Boundaries of Photography on a Smartphone
- 6 hrs ago iQOO Z9 Turbo Launched in China: Snapdragon 8s Gen 3, 16GB RAM, and More
- 6 hrs ago iQOO Z9, Z9x Launched in China: 6000mAh Battery, iQOO 12 Inspired Design, 50MP Camera, & More
- 7 hrs ago HMD Branded First Set of Android Smartphones Are Here!
Don't Miss
- Sports Who Won Yesterday's IPL Match 40? DC vs GT, IPL 2024 on April 24: Delhi Capitals Clinch High-Scoring Thriller At Kotla
- Education JEE Main 2024 Result Out on jeemain.nta.ac.in, 23 Students Secured 1st Rank With 100 Percentile
- News Mangalsutra Row: Did Indira Gandhi Donate Gold During The 1962 War? The Facts Behind Priyanka's Claim
- Movies Kota Factory 3 OTT Release Date, Platform: When Will Jitendra Kumar's Web Series Premiere On Netflix?
- Lifestyle Backless Dress: 7 Tips For Choosing Perfect Bra For Backless Outfits And Turn Heads Wherever You Go
- Travel Escape to Kalimpong, Gangtok, and Darjeeling with IRCTC's Tour Package; Check Itinerary
- Finance DCB Bank Q4 Results: PAT Grew 9% To Rs 156 Cr, NII Jumps 4.5%; Dividend Declared
- Automobiles Aston Martin Vantage Launched In India At Rs 3.99 Crore
Chinese smartphone market facing slowdown: Survey
The Chinese smartphone market, which has surpassed the US to become the world's largest in 2011, is witnessing a slowdown, the Wall Street Journal has reported.
According to a new survey by the global market research firm International Data Corp, smartphone shipments in China fell 4.3 percent in the first quarter compared with a year ago for the first time in six years.
Recommended: 10 Best 21MP to 16MP Camera Smartphones To Buy In India [May 2015]
The slowdown is largely driven by the disappearance of China's first-time buyers, the survey said.
In the first quarter, Apple became China's largest smartphone maker by market share, surpassing Xiaomi on the strength of its popular iPhone 6 and iPhone 6 Plus.
Samsung has fallen to fourth place in China in the first quarter, from the top spot a year ago. Coolpad Group Ltd. was China's No. 5 smartphone maker last year on the strength of budget phones but fell out of the top five in the first quarter, according to IDC.
According to Tom Kang, research director with market-research firm Counterpoint, "China is now a replacement market".
Recommended: Best of Android Lollipop: Top 10 Smartphones To Buy in May 2015
The slowdown has major implications not only for Apple and Samsung as well as China's homegrown phone makers like Xiaomi Corp.
"The smartphone market in China is basically now just the very high end like Apple or the very low end. It is getting tough for those in the middle," Charles Lin, chief financial officer of Pegatron Corp which manufactures smartphones for Apple and some Chinese brands, was quoted as saying.
Xiaomi, started five years ago, is now valued at $46 billion. Last week, it unveiled Note Pro, a phone about the size of the iPhone 6 Plus and costing about $480.
"We will keep pursuing our mission to make high-quality, high-performance phones at affordable prices for our customers," a Xiaomi spokeswoman was quoted as saying in the report.
"While there are signs that the explosive growth of smartphones in China will slow this year, the vast majority of China's 885 million mobile users are using low-end and mid-range smartphones," Samsung said in a statement.
"This leaves plenty of room for upgrades to high-end phones as China's market matures," it added.
Source: IANS
-
99,999
-
1,29,999
-
69,999
-
41,999
-
64,999
-
99,999
-
29,999
-
63,999
-
39,999
-
1,56,900
-
79,900
-
1,39,900
-
1,29,900
-
65,900
-
1,56,900
-
1,30,990
-
76,990
-
16,499
-
30,700
-
12,999
-
11,999
-
16,026
-
14,248
-
14,466
-
26,634
-
18,800
-
62,425
-
1,15,909
-
93,635
-
75,804