Shipments of mobile phones to China fell 6 percent in March compared with the sa...
SHANGHAI - Shipments of mobile phones to China fell 6 percent in March compared with the same year-earlier month, official figures showed on Wednesday, as slowing economic growth took a toll on the sector.
The shipments dropped to 28.4 million units in March from 30.2 million units in March 2018, the China Academy of Information and Communications Technology said.The slowdown points to continued pressure on the likes of Apple Inc, which endured a steep drop in China sales in late 2018, and its domestic smartphone rivals.
Last year was an anemic one for the world’s largest mobile phone market, with total shipments falling 15.5 percent, CAICT data shows. The weakness continued in 2019 - February shipments totaled 14.5 million units, the lowest since February 2013 and a 19.9 percent decrease from a year earlier. To cope with the slowdown, Chinese domestic brands have been raising prices and moving upmarket, hoping to boost margins. In 2018, Huawei Technologies Co Ltd, Oppo, and Vivo each captured a bigger share of the $500-to-$800 price range of phones, a segment once dominated by Apple.
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