Originally posted on VentureBeat:
China is officially the world’s largest smartphone market. According to data released by Needham & Company, the country has jumped 164 percent to 33.1 million smartphones sold in the past quarter.
The United States sold 25 million units in the same time period, falling behind China. As AppleInsider notes, Needham & Company analyst Charlie Wolf attributes this to China’s competitive smartphone prices. When smartphones first came on the Chinese market, they were priced to compete with feature phones. Having a lower price tag out of the box may have encouraged more people to buy initially.