SMARTPHONE shipments in China plunged 35 per cent in July compared with a year earlier, government data released on Tuesday shows, reported Reuters.
The numbers suggest handset demand in China remains weak despite indications of a recovery after coronavirus cases peaked, boding poorly for companies like Apple and its local rivals such as Huawei.
Phone makers shipped 21.3 million handsets in July, versus 33 million a year earlier, according to the China Academy of Information and Communications Technology (CAICT), a state-backed think tank.
That marks a steeper decline than in May and June, when shipments dropped 10 per cent and 16 per cent respectively.
source:Schednet