Smartphone shipments within China up 9.1% year-on-year in June, official data shows

Overall smartphone shipments in China in the first six months of 2022 fell 21.8% year-on-year

Handset brands are currently experiencing production issues due to a global computer chip shortage.

A combination of factors including demand miscalculation, unexpected factory shutdowns and U.S.-China tensions have prompted a number of automobile companies to report chip sourcing issues. That shortage has since spread to many types of chips and all kinds of hardware, including smartphones.Be smart with your money. Get the latest investing insights delivered right to your inbox three times a week, with the Globe Investor newsletter.

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