Q4 signals a turning point for mobile phone makers
By Yan Xingzhou | chinadaily.com.cn | Updated: 2024-01-03 16:07 Consumers select products at an Apple store on Nanjing Road Walkway in Shanghai in December 2022. WANG GANG/FOR CHINA DAILY The just-ended fourth quarter marks a turning point for the domestic mobile market, as a bullish mobile market is expected and is forecast to maintain a positive growth this year. Mobile phone shipments in the domestic market reached 31.21 million units in November, up 34.3 percent year-on-year, according to a report released by China Information and Communication Academy on Dec 27. During the Jan-Nov period, the overall shipment of mobile phones in the domestic market accumulated 261 million units, an increase of 7.1 percent on a yearly basis, of which 5G mobile phone shipments were 215 million units, a rise of 12.9 percent, accounting for 82.5 percent of mobile phone shipments in the same period, the Paper.cn reported on Wednesday. The estimation on the emerging turning point was based on several key factors: The market base in the fourth quarter of 2022 was relatively low, and a flagship model released in August by Huawei is attractive enough for consumer to buy new phones, said Guo Tianxiang, a senior analyst at IDC China, during an interview.
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Used smartphones to answer calls to action
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