According to market research firm Counterpoint Research, smartphone sales in China fell 13% year over year during the month-long 618 shopping festival, as major brands raised prices to offset higher memory costs. Between May 26 and June 21, all major Chinese smartphone brands except Huawei posted double-digit sales declines. Promotions were less aggressive than last year, dampening consumer demand. Honor\u2019s sales dropped 33%, while Xiaomi\u2019s fell 24%.<\/p>\n
Ivan Lam, Senior Analyst at Counterpoint Research, said: \u201cSome Chinese smartphone brands priced both their new and existing models higher than comparable devices a year ago. Discounts during this year\u2019s 618 shopping festival were also generally less aggressive, both in terms of price reductions and the range of products included in promotions.\u201d [Jiwei<\/a>, in Chinese]<\/p>\n \n\tRelated<\/p>\n","protected":false},"excerpt":{"rendered":"According to market research firm Counterpoint Research, smartphone sales in China fell 13% year over year during the…\n","protected":false},"author":2,"featured_media":520009,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16],"tags":[342,111,139,69,145],"class_list":["post-520008","post","type-post","status-publish","format-standard","has-post-thumbnail","category-mobile","tag-mobile","tag-new-zealand","tag-newzealand","tag-nz","tag-technology"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/520008","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=520008"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/520008\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/520009"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=520008"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=520008"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=520008"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}