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Chinese smartphone market shrank: IDC

telecom | 05/11/2015 6:10 pm EDT

The Chinese smartphone market shrank in this year's first quarter, technology research company International Data Corp. said Monday. IDC said in a press release that smartphone shipments in China were down four per cent from a year earlier to 98.8 million during the first three months of this year, marking the first time in six years there has been a year-to-year decline. It said shipments were down eight per cent sequentially from 2014's fourth quarter as a "large inventory buildup" developed late last year. "Smartphones are becoming increasingly saturated in...