China smartphone shipments fell 22 per cent in first 10 months of 2022 amid sluggish demand and manufacturing supply chain disruptions
- Total smartphone shipments to China reached 214.5 million units from January to October, down from 275.3 million in the same period last year
- In October alone, the country’s smartphone shipment volume fell 27.2 per cent year on year to 23.8 million units
There were 214.5 million total smartphones shipped to the country from January to October this year, down from 275.3 million units in the same period last year, according to a report on Monday by the China Academy of Information and Communications Technology (CAICT), a scientific research institute under the Ministry of Industry and Information Technology.
In October alone, the shipment volume in the world’s largest smartphone market fell 27.2 per cent year on year to 23.8 million units, according to CAICT data. That total, however, was up 20 per cent from September, when the volume reached 19.8 million units.
While consumer confidence and the economy in China would take long to recover, the decline in the country’s smartphone market is expected to narrow next year and a rebound is likely to take place in 2024, according to tech research firm IDC in a report published earlier this month.