Retail in Asia

In Trends

China to beat US as top mobile phone market in 2014

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)