Smartphone Shipments in China Hit 14-Year Low in Q3

• China's smartphone shipments dropped 10% year-over-year in Q3, marking a 14-year low.
• Apple gained ground in the Chinese market during this period.
• Vivo's shipments declined 34% to 6.4 million, the steepest drop among top brands.
• Rising memory prices and component costs disrupted inventory planning and weakened market positions.
• Xiaomi faced challenges as its traditional value proposition was pressured by rising costs.