July 27, 2006
Mobile phone market ringing up sales in China
China's mobile-phone market remained the largest in the world in the first half of 2006 and grew at the highest rate, reports the Asia Times.
"By the end of June, there were 70 enterprises authorized to produce mobile phones in China, as the market grew at a double-digit rate based on the volume of more than 80 million sets in 2005.
Sino Market Research found that domestic brands had a 32.7% share of China's mobile-handset market by the end of April. This figure dropped to 29.4% in May. Experts say that because of an onslaught of foreign producers, the market share of domestic brands has dropped to a record low, after exceeding 50% in 2004.
Nokia took a 30.3% share of China's mobile-handsets market in the first five months of 2006, exceeding the total made up by domestic brands. It was followed by Motorola, which took a 21.4% share. The two foreign mobile-handset giants took the first two places in the market."
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