The number of active smartphones in China exceeded 700 million by the end of 2013, says a new report from analytics firm Umeng. Out of all the devices sold in 4Q 2013, 41% were to people purchasing their first smartphone. The rest were bought by people upgrading their phones.
China became the world’s largest smartphone market in November 2011, but sales have gradually slowed as mobile penetration rates increase. Shipments decreased for the first time in more than two years at the end of 2013, according to a recent report from IDC. As the price of smartphones drop dramatically, however, more first-time users are buying their first device.
Most of the smartphones sold last year in China, or 57%, were Android devices that cost less than $350. But there is still strong demand for more expensive handsets. High-end smartphones priced above $500 accounted for 27% of smartphones sold last year…
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