China smartphone shipments dropped 8.1% on the year in October, according to Nikkei Asian Review citing China Academy of Information and Communications Technology data.
© Provided by Seeking Alpha AAPL logo Total shipments were 35.8M units. YTD shipments were 381M units, down 7.1%.
October shipments usually hint at how well new devices will sell since most smartphone makers release new models in the fall.
The September release of Apple's (NASDAQ:AAPL) iPhone 8 models and late October pre-order for the iPhone X was expected to help the market recover but that didn't happen.
The softness could come from market saturation or from customers passing on the 8 to wait for the X, which isn't expected to hit its super cycle until next year.
Source: China smartphone sales dropped 8.1% in October despite new iPhones
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