China's smartphone market boom comes to an end as it registers a sharp decline in demand within the mainland and outside. As per the latest data, China's second-quarter smartphone shipments fell by 14.7 per cent, which is the fifth consecutive quarterly decline, Financial Post, an American-based publication reported.
Analysts believe that the Chinese market is in deep trouble, and under the blow of multiple factors, the prospects are becoming bleaker and bleaker.
Earlier this week, a Bloomberg report stated that the Indian government is planning to ban Chinese phones under ₹12,000 in the country.
The move is aimed at pushing Chinese telecommunication giants out of the lower segment of the world's second-biggest mobile market, reported Financial Post.
In recent months the Government of India has been investigating a number of Chinese smartphone manufacturers in India, and how their Indian subsidiaries have been laundering money, diverting their profits and money from India to their Chinese offices, in order to pay less tax and duties.
India is the world's second-biggest mobile market and is soon poised to become the world's largest smartphone market. However, the companies that dominate India's smartphone market are majorly Chinese.
Ever since manufacturers like Xiaomi and Oppo inundated the market with affordable Android devices, Indian mobile manufacturers have languished.
That is preciously the reason India seeks to restrict Chinese smartphone makers from selling devices cheaper than 12000 rupees to kickstart its faltering domestic market, reported Financial Post.
According to data released by the US research firm IDC, smartphone shipments in China fell 14.7 per cent in the second quarter from a year earlier to 67.2 million
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