Smartphone sales in China grew about 6.8% during the mid-year 618 shopping festival

seekingalpha06-25

Smartphone sales grew about 6.8% year-on-year during the May 20th–June 20th period that coincided with the 618 shopping festival in China, Counterpoint Research said on Tuesday. Among the bunch, ...

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Among the bunch, ...</p>\n\n<a href=\"https://seekingalpha.com/news/4118808-smartphone-sales-in-china-grew-about-68-during-the-618-shopping-festival\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IE00B19Z9505.USD","symbol_name":"美盛-美国大盘成长股A Acc","start_time":0,"source_url":"https://seekingalpha.com/news/4118808-smartphone-sales-in-china-grew-about-68-during-the-618-shopping-festival","article_id":"2446465978","we_media_id":null,"thumbnails":["https://static.seekingalpha.com/cdn/s3/uploads/getty_images/2060181763/image_2060181763.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2446465978","pubTimestamp":1719320921,"sourceInfo":{"source_id":"seekingalpha","name":"Seeking Alpha"},"weMediaInfo":null,"summary":"Smartphone sales grew about 6.8% year-on-year during the May 20th–June 20th period that coincided with the 618 shopping festival in China, Counterpoint Research said on Tuesday. 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Among the bunch, Huawei emerged as the big winner with a 42.4% jump in sales, driven by the sustained demand for its 5G products. Meanwhile, Apple's (AAPL) sales grew about 2.7% from last year, benefiting from stronger promotions as well as a longer sales period. Most smartphone manufacturers were offering discounts similar to last year's, indicating a demand warm-up, noted Counterpoint's China Smartphone Weekly Sales Tracker.  The 618 festival is considered to be China's second-largest annual sales event, second only to the Singles' Day event in November. The event was created by JD.com (JD) to celebrate June 18th (6th month), hence 618, being the day on which the company was founded by Liu Qiangdong.  During the event, Xiaomi (OTCPK:XIACF) saw its sales rise by about 12.6%, primarily due to discounts of up to RMB 1,000 (~$139) offered during the period and increased sales of its mid-to-high-end phones. Vivo, too, recorded a 12.6% gain in sales. The company launched the high-end X100s series, the affordable Y200 series, and the mid-range iQOO Neo 9s Pro before the event, among others.  HONOR's sales witnessed a 4.3% increase. Apart from generous price cuts, HONOR launched the mid-end HONOR 200 series during the 618 period, the report added.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.24.2","shortVersion":"4.24.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2446465978"}