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China No. 3 smartphone maker aims to double sales target in 2014

03
Jan
2014

China Wireless Technologies Ltd, the country’s third biggest smartphone maker by sales, plans to double its sales target this year, the latest budget Chinese handset maker eyeing a windfall in the world’s largest mobile phone market. China is likely to see overall sales of more than 450 million mobile devices this year, up from around 360 million in 2013, according to research firm IDC. The government recently issued licenses for the TD-LTE 4G standard to the country’s three telecom carriers – China Mobile Ltd, China Unicom Hong Kong Ltd and China Telecom Corp Ltd. While Samsung Electronics Co Ltd and Apple Inc dominate the premium end of the market, local rivals have gained market share by targeting cost-conscious consumers. Budget smartphone maker Xiaomi said on Thursday it plans to double sales in the China market this year to 40 million smartphones.

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