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August 08, 2005
MP3 players have taken China by storm. In 2002, total national sales were only 500,000 devices, while in 2004 that number had reached 4 million. In the first quarter of 2005, 1.35 million MP3 players were sold in China, totaling 1.1 billion yuan (US$136 million). Sales are projected to total 5 billion yuan (US$617 million) in 2005, a growth rate of 60% for the year.
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