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China Smartphone OEMs Increase Shipments by 17.2% Y/Y in April
May 17, 2020
China’s smartphone shipments displayed a V-shaped recovery in April, growing 92% sequentially and 14% Y/Y to 41.73mn units, according to the China Academy of Information and Communications Technology (CAICT), a state-backed think tank, even as Canalys, IDC and Counterpoint Research reported that in the first quarter shipments of Apple devices in China declined in the low single digits.
Figure 1: China’s Smartphone Shipments by Month and Share
China Smartphone OEMs Increase Shipments by 17.2% Y/Y in April
May 17, 2020
China’s smartphone shipments displayed a V-shaped recovery in April, growing 92% sequentially and 14% Y/Y to 41.73mn units, according to the China Academy of Information and Communications Technology (CAICT), a state-backed think tank, even as Canalys, IDC and Counterpoint Research reported that in the first quarter shipments of Apple devices in China declined in the low single digits.
Figure 1: China’s Smartphone Shipments by Month and Share
Source: CAICT
Although global smartphone shipments are expected to drop Y/Y in 2020 because of COVID-19, demand for 5G smartphones continues to post solid growth. According to CAICT, 5G smartphones’ share of China’s April smartphone shipments has expanded to 39%. Furthermore, the Q120 sales of 5G chipset manufacturers such as Qualcomm and MediaTek either met or beat guidance. Qualcomm guided for 175-225mn 5G smartphone shipments in 2020 and MediaTek 170-200mn, which remain mostly unchanged from previous projections, a reflection of robust 5G smartphone demand.
Figure 2: 5G Phones as a % of Chinese Phone Shipments and Qualcomm Revenue by Quarter
Figure 2: 5G Phones as a % of Chinese Phone Shipments and Qualcomm Revenue by Quarter
Source: CAICT