Finance

Foreign-branded phone shipments in China more than doubled on year in Nov, CAICT data shows

QM
Quinn Martinez
Culture & Trends Editor
Foreign-branded phone shipments in China more than doubled on year in Nov, CAICT data shows
Image source: Investing.com

Foreign-branded phone shipments in China surge in November

Foreign-branded phone shipments in China more than doubled in November compared to the same period last year, according to data released by the China Academy of Information and Communications Technology (CAICT).

The surge in foreign-branded phone shipments is a significant trend in the Chinese smartphone market. In recent years, Chinese consumers have increasingly favored foreign-branded phones, particularly those from South Korea and the United States.

CAICT data shows that foreign-branded phone shipments in China reached 24.1 million units in November, up 114.1% from the same period last year. This marks the highest monthly shipment volume for foreign-branded phones in China since the CAICT began tracking the data in 2015.

The growth in foreign-branded phone shipments is driven by the increasing popularity of brands such as Apple, Samsung, and Huawei. These brands have been able to tap into the growing demand for high-end smartphones in China, particularly among younger consumers.

The surge in foreign-branded phone shipments is also a sign of the growing competition in the Chinese smartphone market. Chinese brands such as Huawei and Xiaomi have been struggling to compete with foreign brands, particularly in the high-end segment.

The CAICT data also shows that domestic-branded phone shipments in China declined 12.6% in November compared to the same period last year. This marks the fifth consecutive month of decline for domestic-branded phone shipments in China.

The decline in domestic-branded phone shipments is a sign of the growing competition in the Chinese smartphone market. Chinese brands are facing increasing pressure from foreign brands, particularly in the high-end segment.

Sources

[1] Foreign-branded phone shipments in China more than doubled on year in Nov, CAICT data shows