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China’s smartphone industry in recession: technological innovation may be key to continued growth

January 30, 2019 1:31 pm

In 2018, the global smartphone industry experienced an 11% decline in shipments. Among the top five smartphone giants, Oppo’s phone sales shrank 2%, Xiaomi's 6%, Apple's 13%. Only Huawei and Vivo experienced growth with a 16% and 9% increase in shipments, respectively.

The leaders of the top five all say that technological innovation will be key to keep the business growing.