Stock Groups

Chinese Nov smartphone shipments up 25% yr/yr -govt data -Breaking

by Mike Robinson

[ad_1]

© Reuters. After the outbreak of coronavirus (COVID-19), people wearing masks use their smartphones to view an advertisement for TikTok (“Douyin”) at a Beijing bus stop on August 24, 2020. REUTERS/Tingshu Wang

SHANGHAI (Reuters). – SHANGHAI 24 November (Reuters) – China’s smartphone shipment increased 25.7% in November to 34.8 Million handsets, according to the China Academy of Information and Communications.

According to CAICT (a government-backed think tank), shipment numbers rose from approximately 27.7 millions in November 2020 to 32.7 million by October 2021.

A global shortage in computer chips is causing production problems for many handset manufacturers.

A combination of factors including demand miscalculation,unexpected factory shutdowns and U.S.-China tensions haveprompted a number of automobile companies to report chipsourcing issues.

This shortage is now affecting all kinds of chips, as well hardware (including smartphones).

Sales were also affected by delayed upgrades from customers.

Disclaimer: Fusion MediaWe remind you that this site does not contain accurate or real-time data. CFDs are stocks, indexes or futures. The prices of Forex and CFDs are not supplied by exchanges. They are instead provided by market makers. As such, the prices might not reflect market values and could be incorrect. Fusion Media does not accept any liability for trade losses that you may incur due to the use of these data.

Fusion MediaFusion Media and anyone associated with it will not assume any responsibility for losses or damages arising from the use of this information. This includes data including charts, buy/sell signal, and quotes. You should be aware of all the potential risks and expenses associated with trading in the financial market. It is among the most dangerous investment types.

[ad_2]