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China’s smartphone sales slumped 19% last year to lowest in eight years
Reducing inventory has become a primary focus for Chinese and global smartphone makers as the handset market is in a recession.
Chinese smartphone brand Honor will expand its business in overseas markets in 2023 after gaining a solid foothold in the domestic market and completing recent financing with global display leader BOE, being one of its shareholders.
Honor topped China’s smartphone shipment for first time in Q2 2022
Let’s take a closer look at China’s smartphone market in the second half of 2022 with Yiwen Wu, Senior Analyst at Strategy Analytics.
Honor, the Chinese smartphone brand spun off from Huawei, has increased the U.S. companies’ chips and parts in its latest smartphone model X30. They include the processor and 5G chipsets supplied by Qualcomm, rather than Huawei's chip design arm HiSi
China’s shipments of smartphones fell 20.5% year-on-year and 24.0% month-on-month to 23.48 million handsets in February