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

Biotech Insider Alert - $6 Stock To Hit $40

$200 Million Dollar Healthcare Hedge Fund's #1 Best Idea Right Now

The best healthcare hedge fund out there right now is one of the largest shareholders in this biotech stock. The fund returned more than 20% in each of the last 2 years with a virtually fully hedged portfolio, and it's sending out a BUY signal on this biotech stock. Get your FREE REPORT today (retail value of $300)

This is a FREE report from Insider Monkey. Credit Card is NOT required.
Click here to Read Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 74 percentage points in 2.5 years. Our beta is only 1.2 (download a FREE newsletter and see the details inside)

Lists

Best Selling Magazines in the World

Shortest People in History

The Most Celebrated Holidays in the World

Most Expensive Handbag Brands in the World

Top Selling Comic Book Issues of this Century

The Most Powerful Women in Politics

Best Paid DJs

Most Rebellious Female Artists

Best Paid TV Actresses of 2014

Best Paid Actors of 2014

Most Expensive Horses in the World

Tallest People Ever

Most Encouraging Feminist Celebrities

Best Paid Supermodels of 2014

Top 10 Suburbs for Retirement in 2015

10 Wealthiest Cities in America

Top 10 TED Talks for Entrepreneurs

Best TED Talks on Education

25 Most Dangerous Places to Live in America

Top 10 Ski Resorts in the United States – 2014 List

Top 10 Most Remote Places in the World

Most Visited Museums in the United States

Wealthiest Photographers in the World

Most Famous Gay Athletes

The World’s Most Famous Circuses

Best Hair Stylists

Most Popular NASCAR Drivers

The Best Romance Movies of all Time

The Most Wanted Drug Lords

The Oldest Money Managers

The Greatest Directors in the World

Largest Animals in the World

World’s Most Expensive Desserts

Best Selling Comic Books of All Time

A-list Actors who Sabotaged Their Career

Rappers With a College Degree

The Best Jazz Albums of all Time

The Most Influential Jazz Musicians

The World’s Most Famous Photographers

The Best Oscar-Winning Songs

Most Influential Choreographers Ever

Most Expensive Department Stores in the World

The Most Expensive Stolen Paintings in the World

The World’s Most Expensive Teas

Top Oscar Record Holders

The Most Expensive Flowers in the World

Countries With a Booming Film Industry

Most Expensive Cupcakes in the World

Uncommon European Escapes

The Most Stolen Artists in History

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 129% in 2.5 years!! Wondering How?

Download a complete edition of our newsletter for free!