Expected growth happening far faster than was estimated for China.
It looks like smartphone growth in China has skyrocketed this year in China and they will soon be taking over the number 1 spot in the world. They will surpass the US in smartphone sales and ownership this year which is far faster than previously estimated to happen. In a recent report from IDC, they are talking about the rapid growth of smartphones in China and the decline of “feature” phones there as well. And in a surprising note, Apple has lost ground in China for market share which should be considered a significant change for them.
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