Phone vendors may face ‘turning point’

Updated 2018-02-06 09:42:05

China's mobile phone vendors face a tough market environment as sales declined and cost of components rose but Nomura Securities said they may face a "turning point" in March.

China's mobile phone sales fell 27.1 percent last year as the market became saturated after experiencing several years of rapid growth, according to the China Academy of Information and Communications Technology, a research arm of the Ministry of Industry and Information Technology.

Oppo and Vivo cut their orders for flagship models in 2017. Even Apple's iPhone X sales in December in China were at only half of expected sales.

Meanwhile, the cost of advanced components for memory, sensor and screen, especially in high-end models with the latest technologies, has jumped . But upgrading hardware such as bigger memory may not impress consumers so much, and these two factors put huge pressure on vendors and down-stream suppliers, said Donnie Teng, a Nomura analyst.

But the "turning point" may appear in March when domestic brands are slated to launch new models. The most promising ones are under-screen fingerprint recognition and 3D sensing developed by Huawei and Xiaomi, he said.

Also in the News

Nicole Kidman Recalls Oscar Glory: Loneliest Time
Showbiz2016/06/16 13:58February 21 2018 19:05:37

Nicole Kidman Recalls Oscar Glory: Loneliest Time

Attending Shanghai International Film Festival, Nicole Kidman talks about her role in "Grace of Monaco".

Labor Day Travel Peak Starts
Also in the News2014/05/01 12:16February 21 2018 19:05:37

Labor Day Travel Peak Starts

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'
Also in the News2014/04/18 13:18February 21 2018 19:05:37

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'

Hollywood star Johnny Depp's speech in the upcoming new film "Transcendence" has been disclosed on Friday, April 11th.

Most Watched

News:
China World Business Sports Showbiz Audio
Video:
C4 My Chinese Life The Sound Stage China Revealed Showbiz Video Travel Video
Photos:
China World Fun Travel Entertainment Sports
Travel:
Beijing Shanghai Guangzhou
Lifestyle:
Live Music Opera & Classical Movies Traditional Shows Exhibitions
Learn Chinese:
Chinese Studio Living Chinese Everyday Chinese Just For Fun Chinese Culture Buzzwords