China's Once Booming Smartphone Sales Barely Grew in 2015: Chart

General Economy And Views Of Tiananmen Gate Ahead Of China's National People's Congress

A visitor takes a selfie photograph with paramilitary police officers using a smartphone on a monopod following the daily national flag-raising ceremony at Tiananmen Square in Beijing, China, on Thursday, March 3, 2016.

Photographer: Qilai Shen/Bloomberg

At the start of the decade, sales of smartphones doubled in China, and soared even more the following year. But that turned out to be peak growth for a market where expansion ground to a near halt in 2015. Smartphones are no longer novelties in China, and most domestic brands target the mid- and low-price ranges, where buyers don’t upgrade as frequently as those for high-end Apple and Samsung Electronics Co. phones.

Before it's here, it's on the Bloomberg Terminal. LEARN MORE