According to the state-run China Academy of Information and Communication Technology (CAICT), 342.8 million smartphones were sold in the national market last year, up 15.9% from 2020. Judging by the released data, the local market segment is recovering after the Recession gradual since the start of the pandemic.
However, annual sales have not reached pre-pandemic levels. The previous year’s figures are higher than 2020 (they were only 296 million in the reporting period), but far from the level of 2019, when 372 million smartphones were sold. One of the factors behind the downturn is global chip shortages and supply chain disruptions, which have negatively impacted global trade in general.
According to reports, 32.7 million smartphones were sold in the Chinese market last month, up 29.6% from the same period in 2020. Parts supply problems are compounded by Chinese brands’ “personal” issues, according to Reuters Sales growth has slowed as buyers are less likely to swap out smartphones for newer models recently.
The only foreign manufacturer able to compete in the Chinese market on equal terms was Apple, which managed to buck the general Chinese trend – according to the Apple brand, sales in China grew by 83% in Q3 2021 compared to 2020. True, these statistics take into account sales in the so-called. “Greater China”, which includes Hong Kong and even Taiwan in addition to the mainland.