Article
China’s Top 4 Brands See Steady Growth While Xiaomi Resuming Momentum
By MIC
Published: Jan 15,2018
The Chinese smartphone market has paced faster since 2011, reaching 460 million units in 2017, according to Taipei-based and government-backed IT research institute MIC (Market Intelligence & Consulting Institute).
"As of the third quarter of 2017, the accumulated 4G user base in China topped around 950 million with a penetration rate of 68%, indicating the adoption of 4G smartphones has become more widespread and the future growth will rely highly on replacement demand," says Aaron Lin, senior industry analyst at MIC.
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"Xiaomi has regained its reign again with its Mi 6/Redmi 4X/MIX 2 and its efforts to develop physical channels and overseas markets have paid off with its shipment volume growing to a new high."
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