China smartphone market slumps to 10-year low in 2022

China smartphone market slumps to 10-year low in 2022

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After a decade of frantic growth, China’s smartphone market is hitting a speed bump as COVID-19 roils the world’s second-largest economy. The country’s smartphone shipments dropped 14% year-over-year in 2022, reaching a ten-year low, according to research firm Counterpoint. It was also the first…

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