Chinese consumers are buying far fewer smartphones than before due to the corona pandemic and rising inflation. According to the Wall Street Journal, the number of smartphones shipped to China fell 34% in April compared to the same month last year, according to data from the Chinese Academy of Information and Communication Technologies. Shipments fell by 30% in the first four months of this year. Globally, the decline in smartphone sales in the first quarter was 7%.
Many phone manufacturers are having a hard time due to falling demand in China. China is responsible for about 20 percent of all smartphones sold worldwide. In addition, the smartphone industry is also struggling with supply problems, including worldwide shortages of certain chips and logistical problems.
Less production due to deadlocks
Production is also suffering from tight corona closures in some Chinese cities. As a result, all kinds of factories had to temporarily stop production. Among other things, the preparation for the mass production of the iPhone 14 could be delayed. Apple had previously warned it would lose $8 million this quarter due to the loss of manufacturing capacity, but analysts had yet to factor in lower demand for iPhone.
Source: RTL
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