Three-quarters of the world's mobile phones are produced in China, according to a report recently released by the Global Mobile Communications Systems Association (GSMA) Information Organization at CES 2020.
In addition, the number of Chinese consumers is increasing: about 30% of global smartphones are sold in the Chinese market.
The report said that Chinese manufacturers in the European and American markets have always pursued a strategy of small profits but quick turnover. But the report notes that this trend is changing.
Technology giants such as Huawei and Xiaomi are now seeking to compete with companies such as Apple and Samsung and lead the 5G competition without relying solely on low prices. Their strategy shifted to improving device performance.
In addition, the GSMA information organization said that with the arrival of 5G, the mobile phone industry is expected to recover.
The report's survey data comes from more than 38,000 users in 36 countries.
More on Tech Industry
