China to overtake the U.S. in mobile phone revenues this year

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The reign of the U.S. is nearly over when it comes to handset revenues. Research firm Strategy Analytics pegs 2014 as the year that China unseats the U.S. thanks to an expected 430 million handset sales in China by year-end. That’s far and away above the 163 million to be sold in the U.S. All of those phones in China will produce¬†revenues of $87 billion, compared to the $60 billion for U.S. phone sales. The revenue figures show that the U.S. market is skewed higher to expensive smartphones, unlike China whose smartphone¬†growth is in the early stages while 3G and 4G networks are built out.

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