Chinese Web giant SINA has a report out regarding a survey of Chinese smartphone consumers. The survey, which had 670,000 respondents, showed that consumers are highly concentrated in mid-range price points. Close to 90% of this population will pay $165-$330 for a smartphone.

The Chinese smartphone market continues to be the biggest in the world. Xiaomi is an up-and-comer competing with names like Huawei and ZTE. Companies like Apple (NASDAQ:AAPL) still see a benefit from staying in the high end of the market, because that's where the margin is.

In this segment of Tech Teardown, Erin Kennedy discusses the latest developments in the Chinese smartphone market with Evan Niu, CFA, our tech and telecom bureau chief.

Erin Kennedy owns shares of Apple. Evan Niu, CFA owns shares of Apple. The Motley Fool recommends Apple and SINA. The Motley Fool owns shares of Apple and SINA. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.