SHANGHAI Jan 3 China Wireless Technologies Ltd
, the country's third biggest smartphone maker by
sales, plans to double its sales target this year, the latest
budget Chinese handset maker eyeing a windfall in the world's
largest mobile phone market.
The Chinese firm, the parent of Coolpad smartphone-maker
Yulong, aims to ship 60 million units, including 40 million 4G
phones, it said on its official microblog late on Thursday.
The company gave no further details but the 2014 sales
figure is more than twice what the company targeted for 2013.
Calls to the firm's headquarters were not answered on Friday.
China is likely to see overall sales of more than 450
million mobile devices this year, up from around 360 million in
2013, according to research firm IDC.
The government recently issued licences for the TD-LTE 4G
standard to the country's three telecom carriers - China Mobile
Ltd, China Unicom Hong Kong Ltd and China
Telecom Corp Ltd.
While Samsung Electronics Co Ltd and Apple Inc
dominate the premium end of the market, local rivals
have gained market share by targeting cost-conscious consumers.
Budget smartphone maker Xiaomi said on Thursday it plans to
double sales in the China market this year to 40 million
Coolpad smartphones start from 999 yuan ($170), much lower
than the $740 price tag for the least expensive iPhone 5C model
or a Samsung Galaxy Note II, which can retail for $570.
Chinese smartphone makers have enjoyed strong, often
triple-digit annual sales growth, far outstripping a wider
global market set to grow 18 percent a year to 2016.
U.S. tech giant Apple was in fifth place in terms of sales
the third quarter of 2013, with a six percent share. Yulong,
meanwhile sat in third place with an 11 percent market share,
according to data from technology analyst firm Canalys.
Samsung sells the most smartphones in China, and had a 21
percent market share in the third-quarter of last year. Chinese
computer maker Lenovo Group Ltd was in the second
spot, followed by Yulong, Huawei Technology Co Ltd
Total smartphone shipments in China were 89 million for that
Apple recently signed a deal with China Mobile Ltd
to boost sales in its second biggest market and give the U.S.
firm extra firepower in its intensifying global battle with
South Korea's Samsung.
Greater China now accounts for close to 40 percent of the
global smartphone market, making it the largest in the world,
according to Canalys. It grew 64 percent in the third quarter,
making it the world's fastest growing market.