According to the Chinese Academy of Information and Communication Technologies (CAICT), smartphone shipments in China fell to 23.1 million units in August 2021, down 9.9% from August 2020. The decrease in supply volumes is not an anomaly: the drop was recorded in July, and according to the results of the first half of the year, it also turned out to be significant. For comparison, in August 2020, 25.6 million smartphones were shipped in China, and in July 2021 this figure was 27.8 million units. That is, the fall happened both on an annualized basis and on a sequential basis. Data provided by the analytical center CAICT, which is supported by the PRC. One of the main reasons for the decline in smartphone shipments is the global shortage of semiconductor components due to the impact of the pandemic. Other factors include an insufficiently accurate miscalculation of consumer demand, unexpected production stops, as well as tense relations between China and the United States. The combination of these factors has had a negative impact not only on the smartphone market, but also on the global automotive industry. The global shortage of chips turned out to be the reason for the decline in production in almost all related areas; the smartphone market can be considered only a special case. And finally, at the consumer level, there is also a decline in sales: people are less likely to buy new devices instead of old ones. If you notice an error, select it with the mouse and press CTRL + ENTER.
CNY - Chinese Yuan Renminbi