Smartphone shipments in China plunged 35% in July compared with a year earlier, government data released on Tuesday shows. The numbers suggest handset demand in China remains weak despite indications of a recovery after coronavirus cases peaked, boding poorly for companies like Apple Inc and its local rivals such as Huawei Technologies Co Ltd. Phone makers shipped 21.3 million handsets in July, versus 33 million a year earlier, according to the China Academy of Information and Communications Technology (CAICT), a state-backed think tank. …read more
Source:: Yahoo Finance
