A recent report by the China Academy of Information and Communications Technology shows that the mobile phone market in China is experiencing a notable increase, with shipments witnessing a staggering year-on-year increase of nearly 60% in September 2023. This surge is attributed to a fresh wave of the “replacement tide,” fueled by the release of flagship models by several market brands, including the highly successful Huawei Mate60 series.
Out of the 33.2 million shipments 28.7 million devices were 5G-enabled
During September 2023, the domestic market saw the shipment of 33.277 million mobile phones, marking a 59.0% increase compared to the same period last year. Of these, 28.717 million were 5G-enabled devices, exhibiting an even more remarkable year-on-year increase of 90.1%. Notably, 5G phones accounted for 86.3% of total mobile phone shipments in the same period, signifying the growing dominance of 5G technology in the market.
The growth is not confined to the statistical realm alone; market consultation reports corroborate the upward trend. It signifies the revival of the mobile phone market in China after a period of stagnation. The improvement of the foldable smartphones is also capturing consumer interest and driving the desire to upgrade.
Market research firm Counterpoint supports this observation, reporting that China’s smartphone market is in recovery mode. It showcases an average sales increase of 11% in the first four weeks of October 2023. Analysts at Counterpoint anticipate a new “replacement wave” after more than three years, spurred by the recent releases of the iPhone 15 series and Huawei Mate60 series in September.
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