Staggering Decline: China's Foreign-Branded Phone Shipments Plummet
Chinese shipments of foreign-branded cellphones fell by nearly 50% in March, with Apple's iPhones heavily impacted. Data from the China Academy of Information and Communications Technology revealed a significant drop from previous year figures, showcasing a challenging market environment for international phone brands in China.
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- China
In a striking development, shipments of foreign-branded cellphones in China plummeted by 49.6% in March, as reported by a government-affiliated research body.
The China Academy of Information and Communications Technology (CAICT) provided data that highlighted a decrease in March shipments to 1.887 million units, a sharp decline from 3.747 million units recorded a year ago.
This trend signifies a challenging market landscape for international phone brands, including tech giant Apple, in one of the world's largest consumer markets.
(With inputs from agencies.)
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