Smartphones are an essential part of our lives. Nowadays, everyone uses these devices for everything from basic communication to financial transactions. Because of this, the demand for smartphones is increasing. Manufacturers from around the world are introducing new models almost every day.

This not only brings the latest technology to users but also makes a lot of money for companies like Xiaomi, Oppo, Samsung, and Apple. However, it seems the golden age has ended. Smartphone shipments in China in June 2023 fell by a huge 21% compared to the previous year. Here are the details…

China’s Smartphone Shipments Drop 20.9% in June

China is one of the world’s largest smartphone markets. With its huge population, advanced tech infrastructure, and strong local brands, it’s a key area globally. However, recently, the Chinese smartphone market has shrunk a lot. Data from the China Academy of Information and Communications Technology (CAICT) says that phone sales hit 22.149 million in June. This is a drop of 20.9% compared to the same time last year.

Smartphones

The data further suggests that people are not buying as many 5G smartphones as before. In June, sales of these phones dropped by almost 25% from the previous year, making up 78.2% of all phones sold. From January to June 2023, 130 million phones were sold in the country, which is 4.8% less than the same time last year. Out of these, 102 million were 5G phones, a 6.4% drop from last year, and they made up 78.9% of all the phones sold.

In June 2023, only 22 new smartphones were released. This is a big drop of 35.3% compared to the same month last year. Out of these 22 phones, just 7 were 5G models, which is a huge 72.0% decrease. These 7 models made up almost a third (31.8%) of all new phones in June. From January to June 2023, 203 new phones were released. This is a tiny increase of 1.0% from last year. But, only 85 of these phones had 5G. That’s 24.1% fewer 5G phones than the year before, making up 41.9% of all the new models.

Mobile Chip Sales Also Drop by 25% in Q2 2023

The drop in sales isn’t just happening in China. Qualcomm recently said that smartphone sales worldwide are going down. In their last report, they made $8.451 billion, which is 23% less than the same time last year. Their profit was $1.803 billion, which is a big drop of 52%. The main part of Qualcomm that sells chips for phones, cars, and other smart things made $7.17 billion, 24% less than last year.

Mobile chip sales, which make up most of QCT’s earnings, dropped by 25% to $5.26 billion. This shows that the phone market, in China and around the world, is having problems. There might be many reasons for this, like too many phones in the market, phones lasting longer, and money issues. To sell more phones, companies will have to think of new ways to attract customers.

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