|Charissa Echavez |||Mar 05, 2016 04:17 PM EST|
(Photo : Getty Images) Chinese smartphone makers are experiencing a boom in the sales of their premium devices, according to an industry report.
An industrial report reveals that Chinese smartphone makers have made progress within the mid- to high-end sector in the country, gaining ground from long-time pioneers like Samsung Electronics Co Ltd.
Nielsen Holdings Plc reported that the demand for mobile units worth 2,000 yuan ($300) has increased among Chinese buyers, with sales jumping to 8.8 percent last year.
Like Us on Facebook
Shenzhen-based Huawei Technologies Co Ltd. has the most notable share increase in terms of price range, reporting that its high-end models in the local market jumped from 0.34 percent in January 2015 to 2.13 percent in December.
Nielsen China vice president James Gong suggests that Chinese buyers are now more selective when getting new units, pushing manufacturers to release more premium products.
Other local vendors including Xiaomi Corp., vivo Communication Technology Co Ltd and OPPO Electronics Corp. are also on the list of the companies growing their market share. However, Nielsen's current report only covers mobile devices that run on Android.
Meanwhile, results from US' International Data Corporation reveals that in total, China's smartphone market dawdled in the past year, reporting 434 million units shipped compared with 423.3 million in the previous year.
IDC China head Kitty Fok claims that as a result, domestic smartphone makers including Huawei and Xiaomi are pushed to increase profit margins by aiming for higher-end sales.
Experts anticipate that competition among China's smartphone makers will soon heat up as they all aim for the premium market.
©2015 Chinatopix All rights reserved. Do not reproduce without permission
China's former Chief of the Ministry of Public Security, Zhou Yongkang, has been given a life sentence after he was found guilty of abusing his office, bribery and deliberately ... Full Article
Elephone P9000 Smartphone is now on Sale on Amazon India
There's a Big Chance Cliffhangers Won't Still Be Resolved When Grey's Anatomy Season 13 Returns
Supreme Court Ruled on Samsung vs Apple Dispute for Patent Infringement
Microsoft Surface Pro 5 Rumors and Release Date: What is the Latest?
6 Year-Old-Boy Trapped in 40-Metre-Deep Well for 3rd Day