Chinese smartphone market to shrink by double digits in 2H20
published 28.07.2020 13:44
Xiaomi was the worst hit of all with a 27.1% decline in shipments as the company often relies on overseas markets despite being called China’s Apple at times.
To their dismay, almost all of them except Huawei faced a severe decline in shipments compared to 2019, despite occupying 82.3% of the total domestic shipments in Q2 of 2020.
It adds that the local market in China has not come out of the pandemic yet and this will hamper the domestic shipments in H2 2020 as the domestic demand remains slump.
Just when we thought the situation might improve, Digitimes has come up with a report claiming that the smartphone market in China will be slapped with a double-digit decline in the second half (H2) of 2020.
However, similar to Indian Market which saw a near 48% dip in sales, the report says China’s lower demand and a fluctuating pandemic on the Global markets will hamper the shipments in the remaining half of 2020.