It looks like the smart phone market in China was decreasing but there is 1 company that’s gaining market share — Apple.
As per a report from Apple Insider, that cites an investors notice from JP Morgan analyst Samik Chatterjee, the observations have been based on smartphone dispatch data published by China Academy of Information and Communications Technology (CAICT).
As stated by the JP Morgan analyst, at the month of May, global imports — largely Apple’s iPhone — increased 41 percent to approximately 3.8 million units.The amount of global components delivered May 2021 would be the ideal month to get non-Chinese producers in China in the past few decades.
“Above all, compared to these tendencies between Apple and general volumes suggests the Apple continues to gain market share from the area, with common share currently nearer to the teenagers comparative to low-double digits per year back – consistent with all the comments we’re getting from our station checks, with the majority of OEMs admitting the smartphone market in China has slowed down widely, except for the case of Apple,” Chatterjee composed in his investor notice, according to the report from Apple Insider.
If Apple and other foreign manufacturers have been performing well then the total economy is not in a great form and has been decreasing.
The report states that the sector saw a 16% decrease from the market between April and May.
Back in China, smartphones using 5G technology accounts for nearly all shipments.