The handset market across the world has declined in recent months due to the COVID-19 pandemic. The China Academy of Information and Communications Technology recently released the mobile phone shipments for the month of May. According to it, the Chinese phone market slumped 11.8% YoY last month.
It is interesting to see the mobile phone market in China to decline in May when it recovered in April with 14.2% YoY increase in shipments.
Phone makers shipped a total of 33.8 million units in May 2020 in China. Whereas, from January to May, they shipped 124 million handsets, an 18% YoY drop.
A total of 32 new models were released last month, which is 22% less compared to last year during the same period. Also, the launch of new models decreased by 18.8% YoY overall in the last five months with only 169 SKUs.
Smartphone shipments were down by 10.4% YoY in May with 32.66 million units. It was even lower by 16% YoY from January to May with 121 million units.
Having said that, 5G smartphones accounted for half of the new release in May with 16 models. Companies shipped 15.64 million 5G phones last month covering 46.3% of total mobile phone shipments in May.
During the past 5 months, China witnessed the launch of 81 5G phones shipping 46.08 million units. This is the only segment where the country observed progress.
Last but not least, Chinese smartphone brands ruled the market with 91.7% market share in May and 90% in the last 5 months.
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(Via)
