With a population more than four times that of the United States, it is only a matter of time before China becomes the world leader in any number of areas where the U.S. has long been the top dog. The latest is in the number of active smart devices — smartphones and tablets — where the latest data from research firm Flurry show that the Middle Kingdom now concludes that, by the end of this month, China will have 246 million active smart devices, compared to 230 million in the United States.
Smartphones and tablets using the Android operating system from Google Inc. (NASDAQ: GOOG) and iOS from Apple Inc. (NASDAQ: AAPL) are, as you might expect, leading the way. Here is what Flurry observes:
In this new era of mobile computing, sparked by a confluence of powerful innovation across microprocessors, cloud storage and network speeds, Apple and Google have helped create the fastest adopted technology revolution in history, 10X faster than that of the PC Revolution and 3X that of the Internet Boom. And now, as the largest and fastest modernizing country in the world, Chinese consumers lead that revolution.
China added 150 million devices in the 12 months to January 2013 and continues to grow its market at an annual rate of more than 200%. That is no longer the fastest growth rate, which now occurs in Colombia. But it is plenty fast given China’s enormous population.
Top Gaining Stocks
Top Losing Stocks