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Smartphone shipments slump 22% over supply chain issues

Posted On: Dec. 27, 2022 9:10 AM CST

Figures from the China Academy of Information and Communications Technology showed that smartphone shipments in the country fell 22% to nearly 215 million units in the first 10 months of the year amid sluggish demand and manufacturing supply chain disruptions, South China Morning Post reported. Slowing consumer demand has already prompted major smartphone vendor Xiaomi Corp. to conduct a new round of lay-offs affecting nearly 10% of its workforce, after cutting over 900 jobs earlier this year.