According to Strategy Analytics, China’s just leapfrogged the US to become the world’s largest smartphone market by volume, growing 58 percent over last quarter to sell 24 million handsets in Q3 2011, while US shipments fell by seven percent to 23.3 million. It’s certainly impressive growth, but it’s important to note that China’s market is flooded with dozens of low-end phones from OEMs like ZTE, even as companies like Apple report exploding growth. The report says that Nokia leads the Chinese market with a 28 percent share, while HTC edges out Apple in the US with a 24% share — not surprising considering the US has received its own tsunami of Android activations this year.

via China overtakes US smartphone market by volume | The Verge.