App analytics firm Umeng, typically known as the ‘Flurry of China,’ has released a new report that provides more evidence of the burgeoning smartphone market in China, which is already known as the world’s largest. The number of active smart devices in China — including smartphones and tablets — exceeded 700 million by the end of 2013. This is a marked increase throughout the year — in the first quarter of 2013, the number of devices numbered only 380 million. Chinese consumers have typically been known for favoring low-cost Android smartphones — and indeed, Umeng notes that the market for budget Android phones is strong, as 57 percent of devices came in under the $330 price range. However, high-end devices costing upwards of $500 also have a significant market share in China, contributing 27 percent of the total, and 80 percent of them are iPhones. Read the full story at The Next Web.