China’s Massive Mobile Market: How You Can Cash in on It
China has been growing exponentially in many areas, but while there is some stalling, an area that continues to expand at a staggering pace is the mobile phone sector. The growth is enormous with the number of subscribers surpassing one billion users. Let me put it another way: there are more mobile users in China than the populations of the United States, the European Union, Mexico, and Canada combined!
These are exciting times for China’s mobile market where three major carriers dominate the market, according to my stock analysis.
The adoption of 3G and 4G networks will help to drive additional growth in the country’s mobile phone market due to the need for new phones, based on my stock analysis. At the end of May, there were about 167 million mobile 3G users in China, up 126% year-over-year, according to Topeka Capital Markets. Growth in 3G is expected to continue rapidly.
Apple Inc. (NASDAQ/AAPL) is a major player in China, with sales in the country accounting for about 20% of total sales in the second quarter, and this is expected to rise. My stock analysis is that the potential is significant as Apple only has 10% market share of the Chinese smartphone market. Contrarian Investing