China Smartphone Shipments Fall 15 Percent
China smartphone shipments fell 15.4 percent in the third quarter amid weak consumer spending and rising component costs. Huawei was the only major vendor to post double-digit growth, leading the market with a 21 percent share while rivals suffered sharp declines.
Xurve View
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Xurve View
China's third-quarter smartphone shipments fell 15.4% to 57.9 million units, marking the sixth straight quarter of declines. The drop reflects persistent weak consumer spending across the domestic market. Investors face a contracting hardware market where rising component costs squeeze vendor margins.
