China's Xiaomi, Vivo and Oppo trim smartphone orders by 20%
May 18, 2022
Eddie Han, an analyst with Isaiah Research, gave a slightly more pessimistic outlook, with his agency forecasting a decline of 2% to 7% for the global smartphone market this year. He expects the Chinese market could even drop 10% to 15% this year.
"The demand is weakening significantly in China and is not especially strong around the world. We have noticed that overseas customers -- especially those in Europe and North America -- tend to go to Samsung or Google for Android phones rather than Chinese smartphone brands. Geopolitical tensions may play a role in consumers' behaviors."
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