Chinese Smartphone Sales Suffer Biggest Decline Ever.
China's red hot smartphone market has gone cold.
Smartphone shipments in China have suffered their biggest decline ever, plummeting more than 21% in the first quarter of 2018 compared with the same period last year, according to a recent report from research firm Canalys.Chinese consumers bought just 91 million phones in the first three months of this year. The last time the number was that low was in the fourth quarter of 2013.
Canalys had forecast the decline but didn't "foresee the drop would be so huge," said Canalys analyst Mo Jia.
The report comes as Samsung, the world's largest smartphone maker, on Thursday, reporting an increase of 52% over the previous year. But the South Korean company also warned that overall "sluggish demand" for smartphones would drag down future earnings.
Huawei was one of only two companies to buck the declining trend. The Chinese smartphone maker saw sales climb 2%. It remains the top smartphone seller in China, followed by local rivals Oppo, Vivo and Xiaomi, according to Canalys.
Xiaomi was the only company to post double digit growth, with sales up 37%, partly reflecting a lackluster performance in 2017, said Jia.
Canalys predicts growth in the smartphone market will pick up again in the next three months, thanks to new flagship phones from Oppo and Vivo. But that will likely be the only bright spot for the year.
"We forecast ... the Chinese market in 2018 will have an overall decline," said Jia.That would mean back-to-back years of contraction.
Source : IWN Online Editor
You might be interested in:
LEAVE A COMMENT 0 comments
Comments that are judged to be defamatory, abusive or in bad taste are not acceptable and contributors who consistently fall below certain criteria will be permanently blacklisted.Comments must be concise and to be point.The moderator will not enter into debate with individual contributor and the moderator's decision is final.The comment facility will be removed after 48 hours.