China will overtake the US as the world’s largest mobile phone market this year for the first-time ever, according to research out on Wednesday.
Market research firm Strategy Analytics forecast that mobile phone sales in China would reach a record USD87 billion in 2014, beating sales of USD60 billion in the US.
Chinese mobile phone revenues are seen surging 53 percent this year, compared to only 4 percent growth in the US.
(Source: CNBC)