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China's smartphone shipments fall by 27 per cent prompting fears of massive recession amid COVID outbreak

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Mehul Reuben Das According to the most recent official data released by the Chinese government, smartphone sales in the country fell 22 per cent in the first 10 months of the year as a result of waning domestic demand and unrest in the country’s manufacturing supply chain. China also happens to be the world’s largest smartphone market. In October 2022 alone, the shipment of smartphones for domestic sale dropped by 27.2 per cent, compared to October 2021. According to a report released on Monday by the China Academy of Information and Communications Technology (CAICT), a scientific research centre under the…

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