The Chinese Ministry of Industry and Information Technology (MIIT) has released statistics about the domestic mobile phone market between January and October 2018. The numbers look disappointing as the OEM’s in China are facing a 15% decline in the market on a yearly basis.
Well, the data is for the first ten months of the year, where the companies shipped about 343 million smartphones. Note that out of the total no of smartphones only 308 million were by local companies OEM’s. Well, this shrinks down the foreign OEM market to just 10.2%.
The numbers include the smartphones that range from 2G feature phones to the 4G smartphone. If we look at the percentage, 94.5% of all the handsets shipped had 4G support. Also, the market shipped 8 million shipped 2G devices from January to October 2018. Note that this is a 19% decrease in the shipments of feature phones this year.
According to MIIT, the Chinese OEM’s released 48 new models this October, down 25% on a yearly basis. Interestingly, only a third of these smartphones were feature phones. The total number of new models since the beginning of the calendar year is 683, with 520 of them being 4G-enabled.