The European and North American smartphone markets have experienced successful recoveries since the first lockdowns two years ago. But recent COVID-19 outbreaks in China have brought the local smartphone down to its knees.
The Chinese smartphone market is not doing well
A new report from Counterpoint Research reveals that smartphone shipments in China declined 14% year-on-year during the first quarter of 2022, reaching 74.2 million units and inching closer to the levels seen in Q1 2020. The report notes that demand collapsed because of a multitude of factors.
