There has been a lot of predictions about when China will become the world’s biggest economy, some say it will achieve this within a short five years. Back in August, we reported China overtook America to become the world’s biggest PC market in the world. Today, according to research firm, Strategy Analytics, China has also become the largest smart-phone market in the world by volume.

Deliveries of smart phones to operators and retailers in China grew 58% in the third quarter from the previous quarter to 24 million units. That surpassed 23 million units delivered to the U.S. market, down 7% from the previous quarter, according to the report.

However in terms of revenue, there is still a long way to go. The key driver for this surge in smart-phone sales is apparently the under 30 year old middle class youth market who have an insatiable demand to play with and show off their latest devices. This is clearly evident by watching young people glued to their smartphone walking on the street, in the subway, in the lift – everywhere!

Start your free trial now.

Get instant access to all our premium content, archives, newsletters, and online community.

Monthly Membership

Yearly Membership

What you get

Full access to all premium content and our full archives

Members'-only newsletters

Preferential access and discounts to all TechNode events

Direct access to the TechNode newsroom

Start your free trial now.

Get instant access to all our premium content, archives, newsletters, and online community.

Monthly Membership

Yearly Membership

Jason Lim

Jason is an Australian born Chinese living in Beijing, specializing in entrepreneurship, start-ups and the investment eco-system in China, especially in the tech and social area.