Thursday, October 29, 2020

Chinese smartphone market is collapsing

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Zubair Yaqoob
Zubair Yaqoob
The author has diversified experience in investigative journalism. He is Chief content editor at wnobserver.com He can be reached at: [email protected]

Chinese have significantly less last year smartphones bought than in previous years. Deliveries on the world’s largest all-rounder market dropped from 12.0 to 15.5 percent, according to several studies published Tuesday.

The trade dispute between US and the China, as well as the continued weakness of the economy, have recently strongly impacted consumer sentiment and reduced Chinese access to consumer electronics.

This was already the technology giant Samsung Electronics and Apple felt, which recorded, among other things, because of problems in China profit or revenue losses. Also, for the current year, the prospects are restrained.

According to market researchers from the CAICT institute, which is assigned to the Ministry of Industry in Beijing, deliveries in 2018 fell by 15.5 percent to about 390 million units.

A particularly strong decline occurred in December, when the fall was even 17 percent. According to the market research institute Canalys, deliveries dropped by twelve percent.
Worldwide, deliveries – that is, the number of smartphones sent by manufacturers to dealers and freight forwarders – are likely to drop by one percent.

For 2019, the experts assume that they are slipping below the 400 million mark in China. It would be the first time since 2014 and the third consecutive decline. “Weaker economic growth and lower consumer confidence will put the luxury segment well into the first half of the year,” said the tech analysts

Zubair Yaqoob
Zubair Yaqoob
The author has diversified experience in investigative journalism. He is Chief content editor at wnobserver.com He can be reached at: [email protected]
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