China Smartphone Market to Reach New Heights by Next Year: IDC

China smartphone market: When it comes to China smartphone shipments, there is no better time than now to begin paying attention. Things are beginning to pick up, and by 2014 you may be surprised at what the numbers have to say.

China Smartphone Shipments to Reach New Heights by Next Year

According to a recent study conducted by IDC, China’s smartphone shipments are expected to exceed 450 million by 2014.

The research company’s China Quarterly Mobile Phone Tracker, shows that the total number of shipments in the second quarter of 2013 reached 110 million. Smartphones, included in this total, accounted for 86 million.

Antonio Wang, Associate Director for Client System Research, Imaging, Printing, and Document Solution Research, IDC China added, “The smartphone market has maintained a two-digit quarter-on-quarter growth rate in Q2 due to two reasons. First, the substantial shipments of low-end smartphones at a unit price of less than RMB 800 that support China Mobile’s 3G network. Second, the shipments prepared by mobile phone vendors to meet the market demands of students during the summer vacation.”

Yan went on to add some interesting information regarding particular vendors, including Apple Inc. (NASDAQ:AAPL). He noted that sluggish sales of the iPhone 5 dipped into Cupertino’s market share, however, things are expected to turn around now that the company has released its new smartphone.

Thanks to an increase in popularity among low end smartphones, Lenovo and Coolpad have seen a nice pick up in activity.

Why are shipments expected to reach such a large number in 2014? There are a couple of reasons for this, including the issuance of 4G licenses. Along with this, IDC also made note of “the launch of Apple’s new iPhones by China Mobile” as a major contributor to this increase.

Here are the top five vendors, by market share, during the second quarter of 2013: Samsung, Lenovo, Coolpad, ZTE, and Huawei.

Things are growing fast in China, and we can expect big things from the market in 2014. It will be interesting to see how much of a push Apple is able to make, now that it has two new smartphones out there as well as help from China Mobile.

We will be sure to bring you updates on the China smartphone market during the third and fourth quarter, with one eye on Apple.

It goes without saying that these Apple hedge fund managers are hoping for big things out of the company in China as well as other markets:

David Einhorn, Christopher Hansen, Jeffrey Edwards, Stuart Peterson, and Mark Diker. Check back here for more updates on China’s smartphone market.

Recommended reading:

Apple’s Technicals Are Bullish

How Amazon JustTook Aim At Apple

Who’s the Best iPhone Carrier?

Disclosure: none

Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

The 10 Largest Pharmaceutical Companies In the World

The 10 Most Expensive Android Apps

The 9 Most Expensive Designer Bags in the World

The 7 Most Expensive Real Estate in the World

The 10 Most Expensive eBay Items Ever Sold

The 10 Most Expensive iPhone Apps

The 9 Most Expensive Designer Shoes in the World

The 10 Most Expensive Cigarette Brands

The 10 Most Expensive Law Schools in the US

The 10 Best Wall Street Movies

The 10 Most Expensive Golf Clubs Ever Sold

The 10 Most Expensive Golf Memberships

The 10 Best Disney Characters Ever Created

The 8 Best Foods for Gaining Weight

The 10 Most Expensive Colleges in the World

The 7 Most Memorable Ad Campaigns of All Time

The 7 Most Expensive High Schools in the World

The 10 Electric Vehicles with the Longest Range

The 10 Cities with the Worst Drivers in the World

The 10 Most Expensive Dresses Ever Created

10 Islands to Visit Before You Die

10 Famous Celebrities Who Needed Rehab

The 15 Countries with the Largest Oil Reserves

The 10 Most Overused Excuses in the World

The 5 Best iOS Apps You Can’t Get on Android

5 Companies Damaged By Social Media Blunders

The 10 Most Legendary Blues Songs

The 10 Most Lawless Places in the World

4 Reasons China is a Threat to the US

The 17 Most Sugary Drinks in the World

The 10 Most Ruthless Rulers in History

The 10 Greatest Generals in History

Top 8 Travel Destinations for 2015

The 10 Safest Dog Breeds for Children

The 10 Most Stolen Vehicles in the US

The 7 Most Expensive Celebrity Weddings

The 10 Best LoL Teams in the World

Top 10 Worst Marketing Campaigns Ever Produced

Top 5 Diets that Help You Lose Weight

The 10 Best Ways to Stay Awake

7 Artists That Switched Musical Genres

The 10 Most Expensive Cities to Live in New Jersey

The 10 Best High Schools in New York

The 10 Countries With the Least Gender Inequality

The 6 Biggest Musician-Manager Feuds

The 10 Countries with the Cheapest Gas Prices

The 7 Most Theatrical Bands of All Time

The 8 Worst Band Breakups of All Time

The 10 Most Important South American Leaders

The 7 Most Successful Casting Show Winners

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!