Chinese Smartphone Market Shows Hope Of Positive Recovery In May During 6.18 Festival
Portfolio Pulse from Lekha Gupta
China's smartphone market showed positive signs of recovery in May, with shipments growing 22.6% during the 6.18 shopping festival. Phone makers shipped 25.2 million handsets, an increase of over 4 million units compared to the same period last year. However, major smartphone hardware supplier Sony Group Corp warned that they don't expect demand to fully recover this year.
June 26, 2023 | 2:20 pm
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POSITIVE IMPACT
Apple may benefit from the recovery in China's smartphone market, as shipments grew 22.6% in May during the 6.18 shopping festival.
As a major player in the smartphone market, Apple stands to benefit from the recovery in China's smartphone market. The 22.6% growth in shipments during the 6.18 shopping festival indicates a positive trend for the company.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 75
NEGATIVE IMPACT
Despite the recovery in China's smartphone market, Sony Group Corp warned that they don't expect demand for their image sensors to fully recover this year.
Sony Group Corp, a major smartphone hardware supplier, warned that they don't expect demand for their image sensors to fully recover this year, despite the positive signs in China's smartphone market. This could negatively impact their stock price in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 75