Chinese smartphones now account for 60% of the local market

Chinese smartphones now account for 60% of the local market

Chinese handset makers are getting better with a day, so we’re not surprised to learn that they took over 60% market share of the smartphone market.

According to the Chinese Xinhua report, some 130 million domestically-produced smartphones were sold in the first half of 2013, up 115% from the same period in 2012.

The leading brands included Lenovo, Coolpad, Huawei and ZTE, and there are also a number of smaller players like Meizu, Oppo, Xiaomi, Zopo and Xiaocai.

CCID Consulting forecasts that China’s smartphones will see a peak sales season from 2013 to 2015 with around 2 trillion Yuan ($324 billion) in sales volume.

Meanwhile, all of the companies mentioned above are working round the clock to add innovation to their products in an effort to improve margins…

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