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China’s smartphone shipments fell over 20 per cent in first 10 months of 2022, report says

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Smartphone shipments in China fell by over 20 per cent in the primary 10 months of 2022, in keeping with a latest government report that exposed the impact of supply chain disruptions within the country attributable to the Covid-19 pandemic.

The drop in shipments from about 275 million units in the identical period last yr to about 214.5 million in 2022 also throws light on the slowing demand on this planet’s largest smartphone market resulting from China’s deepening economic slump.

The report, published by the China Academy of Information and Communications Technology (CAICT), a scientific body under the country’s Ministry of Industry and Information Technology, noted that in October alone smartphone shipments dropped by over 27 per cent in comparison with last yr.

The market’s plunge also reflects the impacts attributable to the frequent draconian Covid lockdowns within the country in addition to the weak economic environment in China.

Earlier this month, the technology and consulting services firm International Data Corporation (IDC) predicted that this decline in Chinese smartphone shipments could narrow in 2023 with a rebound likely within the yr after that.

Slowing smartphone demand has also prompted Chinese firms like Xiaomi Corp to begin rounds of layoffs which have slashed its workforce by nearly 10 per cent with over 900 jobs cut earlier this yr.

The country continues to battle rising Covid-19 infections with the World Health Organization (WHO) noting last week that it’s “very concerned over the evolving situation…with increasing reports of severe disease.”

Covid-19 cases have surged in China after the country’s ruling communist party abandoned its controversial zero-Covid policy amid waves of protests, and has loosened restrictions and ended the requirement for each day PCR tests.

While Beijing’s official reports say there have been no latest Covid deaths for six days through Sunday, reports from Reuters and the Associated Press point to drug shortages and queues at crematoriums across several parts of the country.

British health data firm Airfinity said last week that the each day infection rates in China could likely be over one million with greater than 5,000 deaths a day – figures which can be a stark contrast from official numbers.

As more staff across China fall in poor health amid the present surge in Covid-19 cases, experts indicate that there could possibly be further disruptions to provide chains within the short term before the country’s economy bounces back later in 2023.

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