China will be 2x the US smart phone market in a year! Only two years ago, China was a laggard with a tiny portion of the US. What happened?
Originally, China's market developed more slowly because of two reasons. First, usable 3G networks took much longer to develop than other countries. Second, there are few subsidies in China, so users had to pay one or two month's salary for an iPhone or Android. These inhibited the growth.
But both issues have changed. Broadband wireless is now over 58%, and smart phone prices have dropped to about $100 for an acceptable Android phone, and about $200 for a full-featured Android phone. Smart phones are now spreading like wildfire.
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