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Smartphones record slowest sales growth in 2 years: Report

Global smartphone sales slowed the most in two years, according to technology research firm Gartner.

Smartphone sales fell 4 percent in China, the first year-over-year decline for the massive smartphone market, the firm said Thursday.

In a press release, Gartner research director Anshul Gupta said China has reached saturation and replacement sales are driving the phone market there instead of first-time buyers.

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Apple iPhone sales grew 68 percent in the region, challenging rivals such as Samsung and Xiaomi. Samsung lost 4.3 percentage points in market share in the second quarter.

Huawei saw the highest sales growth rate of 46.3 percent, Gartner said.