China's smartphone market hits a high

by CXOtoday News Desk    Aug 19, 2013

Smartphone

Hongmi, a Chinese smartphone, manufactured by the company Xiaomi has managed to sell 1,00,000 units in 90 seconds in China. Xiaomi Founder and CEO Lei Jun has said the phone cannot be only compared to Apple, because although it may look like Apple it has elements of Apple, Amazon and Google and has a  staggering 7.45 million reservations. However, the phone cannot be sold outside China as it runs on TD-SCDMA 3G.

Xiaomi which controls 5 percent stake of the country’s smartphone market to sell 20 million smartphones by the end of the year. According to the Independent, the Hongmi, which means Red Rice costs around 83 pounds with a hardware that includes a 4.7-inch screen with a resolution of 720×1280p with a quad-core 1.5GHz processor. It has 1GB of RAM and 4GB of internal memory but can be expanded to 32GB with a micro SD card and the device also has 8-megapixel rear camera and 1.3 mp front camera.

In other news, Chinese telecom giant China Mobile, is close to a deal with Apple to finally offer the iPhone on its network. A deal was supposed to take place in 2010, but failed due to technical issues because China Mobile’s 3G network uses a homegrown Chinese technology not supported by Apple. These stories prove the growing importance of China as a global player in the smartphone market.