China's smartphone market boom comes to an end as it registers a sharp decline in demand within the mainland and outside. As per the latest data, China's second-quarter smartphone shipments fell by 14.7 percent, which is the fifth consecutive quarterly decline, Financial Post, an American-based publication reported. Analysts believe that the Chinese market is in deep trouble, and under the blow of multiple factors, the prospects are becoming bleaker and bleaker. Earlier this week, a Bloomberg report stated that the Indian government is planning to ban Chinese phones under Rs 12,000 in the country. The move is aimed at pushing…