LINE

Text:AAAPrint
ECNS Wire

Low-end smartphones fade from mainstream market

1
2017-04-10 14:31Ecns.cn Editor: Mo Hong'e ECNS App Download

(ECNS) -- With a market share of less than 20 percent, smartphones priced at around 1,000 yuan ($145) or below have faded from the mainstream, according to Beijing Business Today, citing a report released by Newzoo, a mobile app market research agency.

It's the first time that such low-end smartphones have lost their ground on such a scale.

Handsets priced at 1,000 yuan or less had contributed greatly to the widespread use of smartphones in China. At their peak, they accounted for 70 percent of sales for many domestic manufacturers.

This situation reversed in 2016.

In December of that year, the number of cell phones priced above 2,000 yuan accounted for more than half of all commonly used models for the first time, while the share of phones that cost between 1,000 and 1,999 yuan decreased by 2.7 percent over the same period the year before while the market size of one-thousand smartphones had shrunk to 20 percent, said the report released on Sunday.

Almost all Chinese manufacturers made efforts to tap the 2,000-to-3,000-yuan segment in 2016, leaving low-end models largely abandoned.

Industry analysts attribute shrinkage in the market for cheaper phones to their deceasing user value. Consumers are willing to pay for a more satisfying cell phone, they say.

  

Related news

MorePhoto

Most popular in 24h

MoreTop news

MoreVideo

News
Politics
Business
Society
Culture
Military
Sci-tech
Entertainment
Sports
Odd
Features
Biz
Economy
Travel
Travel News
Travel Types
Events
Food
Hotel
Bar & Club
Architecture
Gallery
Photo
CNS Photo
Video
Video
Learning Chinese
Learn About China
Social Chinese
Business Chinese
Buzz Words
Bilingual
Resources
ECNS Wire
Special Coverage
Infographics
Voices
LINE
Back to top Links | About Us | Jobs | Contact Us | Privacy Policy
Copyright ©1999-2018 Chinanews.com. All rights reserved.
Reproduction in whole or in part without permission is prohibited.