Mobile music generated $703.2 mln in China in 2006

China’s mobile music market revenue declined slightly to $703.2 mln in 2006, an 8.1% decrease from 2005. The penetration rate of music phones in total handsets will increase from 45% in 2006 to 85% in 2010. Total shipments of music phones in China will reach 161.6 mln by 2010, In-Stat says.