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4 hours agoChina's Jiangsu province is closing the GDP gap with Guangdong, while India gains a slightly larger share in US imports. Meanwhile, China struggles to curb overcapacity as oil refiners rebound.
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Financial Markets
China Q2 smartphone shipments down 2.4%, Apple dips while Huawei gains
NeutralFinancial Markets
China's smartphone market had a sluggish second quarter, with overall shipments dropping 2.4% compared to last year. Apple took a hit, seeing its numbers dip, while Huawei managed to buck the trend with noticeable growth. It’s a mixed bag—some brands are struggling, others are gaining ground, but the broader market is still cooling off.
Editor’s Note: Smartphone sales are a good barometer of consumer spending and tech trends, especially in a huge market like China. Apple’s dip suggests it might be losing some momentum against local rivals, while Huawei’s rebound—despite past challenges—shows it’s still a player. If you’re into tech or investing, this kind of shift could hint at where the industry’s headed next.
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