Smartphone market to see slowdown

After years of booming sales, China's smartphone market is showing signs of saturation, according to a recent report showing that growth in the market slowed in the first half of this year.

The report, released by market researcher and consulting company GfK Retail and Technology China Co Ltd, estimated that the smartphone market in China will continue to see a slowdown in overall sales volume growth throughout 2017.

The growth in sales revenue of smartphones is much higher than the corresponding rate of sales volume, but that's because the average price of smartphones is rising this year, said the company.