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Business trends

New iPhone fails to halt Chinese smartphone market's slide

Shipments fall for eight months straight, heading for full-year drop

An Apple store in Guangzhou. Apple is experiencing supply hiccups with its new iPhone X.

GUANGZHOU -- Smartphone shipments sank 8.1% on the year in the Chinese market this October as launches by such big names as Apple and domestic maker Oppo failed to stimulate a recovery.

China is the world's largest smartphone market, accounting for 30% of global sales. October shipments of 35.8 million units, reported Monday by the China Academy of Information and Communications Technology, marked an eighth consecutive month of decline.

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