The Chinese Ministry of Industry and Information Technology (MIIT) usually appears on the radar when we are talking about a certain smartphone being licensed for sale and listed on TENAA. Now, we get something different as MIIT released statistics about the domestic mobile phone market between January and October 2018 and the numbers do not look good.
Amount of sold devices per month; monthly increase/decrease
For the first ten months of the year, companies shipped 343 million phones, a 15% decrease on a yearly basis. Of them, 308 million were by local companies, shrinking the…