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China smartphone shipments slump toward 10-year low

Consumer shift toward thrift compounds structural weakness in demand

Oppo and other Chinese smartphone makers saw a significant drop in shipments in the first half of 2022.   © Reuters

GUANGZHOU -- Smartphone shipments in China are on track to fall to their lowest point in a decade this year as market saturation, longer waits between upgrades, and increasingly budget-conscious consumers combine for what could prove a prolonged downturn.

In the first half of the year, smartphone shipments in the world's largest market sank 21.7% on the year to 134 million, according to the China Academy of Information and Communications Technology.

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