CROSBY Research – Technology Sector Update: Strong rebound in China’s handset market in Apr; foldable smartphone helped Huawei’s transition to 5G

04 Jun 2024

CAICT announced Apr handset shipment data. China’s handset market rebounded strongly with shipment increased 28.8% YoY in Apr (-5.5% YoY in Mar) to 24.1m units. Sequential shipment momentum decelerated in Apr with shipment increased 12.6% MoM in Apr (+50.0% MoM in Mar). In 4M24, China handset shipment increased 12.3% YoY to 91.5m units, thanks to the strong shipment growth in Jan and Apr.

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