China Mobile Phone Shipments Fell 6 Percent in March as Economy Slows: CAICT

Shipments of mobile phones to China fell 6 percent in March compared with the same year-earlier month, official figures showed on Wednesday, as slowing economic growth took a toll on the sector. The shipments dropped to 28.4 million units in March from 30.2 million units in March 2018, the China Academy of Information and Communications Technology (CAICT) said. March’s 6 percent slide follows four consecutive months of double-digit declines. The slowdown points to continued pressure on the likes of Apple Inc, which endured a steep drop in China sales in…

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