Chinese consumers are increasingly buying phones with more memory and processing power, making them more expensive than in the West, a leading Chinese telecommunications company has warned.
But when you’re on the other side of the world, buying a smartphone is still cheaper than buying a brand new smartphone, and the trend is likely to continue, the Guangdong Mobile Communications Technology Industry Association said on Tuesday.
The rise in price is especially noticeable among Chinese people who are used to having high-end smartphones, the association said.
Chinese consumers have grown increasingly interested in smartphones in recent years, with sales surging to nearly 7.6 trillion yuan ($1.8 trillion) last year from less than 1 trillion yuan in 2014.
But a recent survey by research firm CB Insights and analytics firm Kantar Worldpanel found that most Chinese people still prefer a standard-sized phone for most uses, with smartphones selling at a premium.
In a separate survey by Kantar, only 35% of Chinese people said they’d buy a new smartphone within the next five years, up from 28% last year.