China will overtake USA as the number one LTE market in terms of LTE smartphone sales in the second half of 2014, according to Counterpoint Research.
China had high smartphone shipments in Q2 2014 with more than 100 million units and it now accounts to more than a third of the global smartphone volumes up from a fourth.
China has very high demand for smartphones, which accounted for 94% of total phones shipped while it’s 88% in the US in Q2 2014. China has raced to become the second largest market globally in terms of LTE smartphone volumes, almost a fourth of global LTE volumes and almost non-existent LTE volumes in the same quarter a year ago.
Coolpad became the top supplier of LTE smartphones in China during Q2 2014 surpassing Samsung & Apple according to Counterpoint Research report.
There are now more than 250 LTE models being sold in China with average selling prices already hitting close to 1000 yuan.
China Mobile took advantage of 4G trend and gained 5.834 million new 4G subscribers and to a total number of 13.943 million subscribers. China Mobile now has 99.8% of all the 4G subscribers in China.