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[HARDWARE]■ STORY TIMELINE

CHINA SMARTPHONE SALES DROP 13% AS BRANDS RAISE PRICES

Chinese smartphone sales fell 13% year-on-year during the 618 shopping festival as manufacturers raised prices to offset rising memory chip costs. Honor and Xiaomi saw steeper declines of 33% and 24% respectively.

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Reuters: Counterpoint: China smartphone sales fell 13% YoY during the 618 shopping festival as brands raised prices to o…