The International Data Corporation, an American market research company, claims that China is slowly transforming into a mature smartphone market, as more than 40% of the 1 billion Chinese phone users currently sport smartphones. As a result, the annual growth of the Chinese smartphone market will fall down to 10% by the end of 2015, IDC forecasts.
Although smartphone prices in China have greatly decreased and roughly 60% of the users still sport feature phones, most of them won't be able to upgrade to a smartphone. Why? Because of the significantly higher monthly bills, which most Chinese consumers won't be able to afford.
However, underdeveloped smartphone markets in the region, such as India, Indonesia, and the Philippines are expected to grow significantly in the upcoming years. Let's take India as an example - only 10% of the mobile phone users there use smartphones, which is a big opportunity for the smartphone manufacturers to penetrate the local market. For example, Apple seized this opportunity for market expansion in India by relaunching the iPhone 4.
Peter, an experienced tech enthusiast at PhoneArena, is captivated by all things mobile. His impartial reviews and proficiency in Android systems offer readers valuable insights. Off-duty, he delves into the latest cryptocurrency trends and enjoys sci-fi and video games.
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