A dismal year for smartphone sales in China

Recent figures suggest shipments fell by 22 per cent in the first ten months of 2022

Image by vijendra kushwah from Pixabay

As per recent government data, smartphone shipments in China have been truly dismal this year.

Here are some key points:

• Shipments fell by 22 per cent in the first ten months of 2022. Between January and October of this year, 214.5 million cellphones were shipped, compared to 275.3 million during the same time last year.
• Volume declined 27.2 percent year on year to 23.8 million units in October alone.
• The market has been plagued by weak domestic demand, supply chain disruptions and strict mobility restrictions under Covid-19 policies.

Market research firm IDC predicts a rebound in… 2024.

This story was first published on The PhilaVerse (my Substack newsletter).