China is indeed a sleeping giant. According to China’s Ministry of Industry and Information Technology or MIIT, China now has over 1 billion (1.01882 billion to be exact) mobile subscribers as of March this year with a growing rate of 1.18 percent per month. This of course, is not surprising considering that China is currently the most populous country in the world with 1.3 billion people.
But what’s interesting though is a factoid about China made by the research firm Catalyst. According to Catalyst, China has just overtaken the U.S. as the world’s largest smartphone market. Setting aside the number of people in China compared to the U.S., the factoid showed that China’s smartphone market is growing 81 percent per annum while the U.S. is growing 5 percent each year. China accounted for 22 percent of worldwide smartphone shipments whereas the U.S. only had 16 percent.
Still, it’s interesting to see how the country has grown. We know for a fact that the iPhone sales in China is continuously growing and that Apple has a potential huge market there. The iPhone 4S, for example, is currently available on China Telecom and it’s been selling very well. But there’s a bigger opportunity for the Cupertino-based company. Apple has yet to convince China Mobile, the country’s largest mobile carrier, to have the iPhone on its network.
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