China’s economy may be at a slower rate than the previous growth, but is expected to grow by more than 5%. This is due to these growth estimates, China is expected to overtake the United States as the largest smartphone market.
An increase of nearly 8% share of smartphone sales in the global market in the country, is expected to the end of the current fiscal year. This is not surprising, as the most populous country in the world per capita income increased gradually, advances in technology, the decline in the price of the smartphone.
China Mobile (NYSE: CHL) is the world’s largest telecommunications network, and have nearly 700 million users. The company’s market capitalization hit $ 22 billion, is one of the largest enterprises in the world. Headquartered in China, China Mobile and get 70% of the share of the domestic telecommunications market. Its rival China Unicom (NYSE: CHU) has 20% of the shares, the remaining 10% of China Telecom (NYSE: CHA).