Shipments of smartphones within China in October fell 27.2 percent year on year to 23.78 million handsets, a report from the China Academy of Information and Communications Technology said.
Over January to October smartphone shipments fell 22 percent from the same period last year to 215 million units. Chinese mobile phone makers have been warning of lower earnings as even global demand wanes due to slow 5G adoption. Many consumers are comfortable with their 4G devices while waiting for the next-generation technology to fully expand.
Recently, Xiaomi was reported to offload 10% of its staff force but cited the reason as being a normal process in its organisation.
