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Foreign Phone Shipments Jump 128% in China [Yahoo! Finance]
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Shipments of foreign-branded phones surged 128.4% year over year in November, according to Reuters calculations based on data from the China Academy of Information and Communications Technology. That jump stood out because overall phone shipments in China barely grew, rising just 1.9% to 30.16 million units. Foreign brands shipped about 6.93 million phones during the month, suggesting demand snapped back sharply after a weak stretch last year. Warning! GuruFocus has detected 6 Warning Signs with ORCL. Is AAPL fairly valued? Test your thesis with our free DCF calculator. The rebound didn't come out of nowhere. In October, foreign-brand shipments totaled roughly 7.03 million units, up 13% year over year, pointing to improving momentum heading into year-end. China's smartphone market remains brutally competitive, dominated by players like Apple ( NASDAQ:AAPL ), Xiaomi ( XIACF ), Huawei, Oppo, vivo, and Honor. the surge hints that foreign brands, especially Apple, may be regainin
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