Samsung
shot to the top of the market in China and it is currently the No.1 smartphone vendor there by a wide margin in terms of shipment volume. But in a recent research note to clients, Wedge Partners analyst Jun Zhang wrote that things are changing rapidly in China and local brands will soon drive
Samsung out of the top spot in this crucial market. "In China, a $300-$400 price range is considered the middle-range smartphone market, compared with the high-end market segment which is dominated by Apple, Samsung, Sony and other foreign brands," Zhang wrote. "Local brands such as Xiaomi,
Lenovo,
Huawei, ZTE, Coolpad, Meizu, Vivo, etc. view this segment as their high-end smartphone segment, compared with Apple's and Samsung's flagship products retail price above $700."
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