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‘A recovery is under way’: China’s smartphone market primed to bounce back as 4G handset sales pick up

Combined 3G and 4G smartphone shipments last month rose 22 per cent to hit a record 47.3 million units

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Xiaomi CEO Lei Jun speaks at the launch of a new smartphone in Beijing in this file photo. Xiaomi’s Mi was one of the three top-selling handsets in China last month, along with Huawei’s Honor and a Meizu model. Photo: AFP
Bien Perez

Strong 3G and 4G handset sales in China in November could point to a recovery in the world’s largest smartphone market, according to analysts.

Data from Bernstein and the state-run China Academy of Telecommunications Research show that combined 3G and 4G smartphone shipments last month rose 22 per cent to reach a record 47.3 million units, up from 38.8 million in the same period last year.

“A total of 122 new smartphone models were released last month, of which 120 were 4G LTE (long-term evolution) models,” said Bernstein senior analyst Chris Lane.

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“We believe November’s data affirms our view that inventory correction is approaching the end, and a recovery is underway.”

Part of that strong growth was attributed to phenomenal sales during China’s annual Singles Day online shopping festival on November 11.

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Total smartphones sold on that day by e-commerce giant Alibaba Group and Tencent Holdings-backed JD.com reached about six million units, according to Chinese media reports.

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