China: Smartphone demand drops as restrictions are lifted As pandemic-related restrictions are gradually lifted, Chinese consumers are cutting back on spending, and demand for smartphones in China is falling as a result. Because of this, the largest manufacturers of finished products and components were forced to take retaliatory measures. According to the China Academy of Information and Communication Technology (CAICT); smartphone shipments in China in April amounted to 17.7 million units; which is 34% less than the same period last year. We also note a decline when analyzing the dynamics of the market since the beginning of the year. 86...