China overtook the U.S. in the number of Internet users a few years ago. It was just a matter of time before the world's most populous nation because the largest consumer of smartphones.
Needham & Company analyst Charlie Wolf's latest report on the mobile industry shows that smartphone shipments in China soared 164% to 33.1 million in the second quarter. There were only 25 million handsets shipped in the U.S. during the same three months.
Why do you think Baidu
Unfortunately for Baidu, this remains largely a two-horse race. Google's
However, we can't discount Apple
See, iPhones aren't currently compatible with the country's largest carrier, but that should change with the iPhone 5 update. China Mobile
Pay attention, investors.
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