China’s smartphone exports fell 6.4% in the January to October period from a year earlier.

  • exported 642 million smartphones in the 10 months ended Oct. 31
  • exports +10% y/y to 81.1 million in October alone

Data comes via China's General Administration of Customs in a report China state-owned media from Yicai Global, a financial news outlet.

The report cites:

  • shrinking global demand
  • manufacturers relocating some production offshore, Vietnam and other regions

Link here for more.

Xi with Apple iPhone
AI image