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Facing supply chain disruptions and weak consumer demand amid Covid surge, China’s smartphone industry is set for a tough 2023 and is not expected to see « meaningful growth until 2024, » a report said on Sunday.
Total smartphone shipments in China is likely to drop 10 per cent in 2022 to 285 million units, according to the industry research firm IDC, reports South China Morning Post.
« The Chinese smartphone market is only expected to see full-year growth in 2024, » according to Will Wong, a Singapore-based IDC analyst.
