China Smartphone Shipments Back to Double-Digit Growth in May
- World’s biggest mobile arena struggling out of inventory glut
- June shopping festival likely helped makers boost sales
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China’s smartphone shipments jumped 22.6% in May, accelerating sharply from previous months in a positive sign for the country’s struggling mobile device industry.
Phone makers shipped 25.2 million handsets last month in the buildup to China’s second biggest shopping festival, 6.18, which features discounts that stretch from late May into June. That may have helped manufacturers offload devices, marking a rise of over 4 million units compared to the same period a year earlier, according to the China Academy of Information and Communications Technology.