August foreign-branded smartphone sales in China drop 12.7% YoY

iPhone 15 Plus
Sales of foreign-branded smartphones, including Apple’s iPhone, experienced a 12.7% year-over-year decline in China during August, according to data released by a government-affiliated research firm.
Reuters:
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Calculations based on the data from the China Academy of Information and Communications Technology (CAICT) showed that during the month, sales of foreign-branded phones in China fell to 1.87 million handsets, down from 2.142 million a year earlier.
Overall phone sales in China increased 26.7% from a year earlier to 24.05 million handsets in August, the CAICT data showed.

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MacDailyNews Take: Indicates pent-up demand for iPhone 16 ahead of expected release, perhaps?

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