Last week, we told you that global smartphone shipments dropped 2.9% in the first quarter led by a decline in Chinese smartphone shipments. While we knew that the number of shipments in China declined to less than 100 million units for the first time since Q3 of 2013, we now have a better handle on the weakness in that country. According to a fresh report published on Friday, the number of smartphones shipped in China during the first quarter of 2018 tallied less than 90 million units.
Some of the decline can be blamed on the Chinese Lunar New Year. The holiday cut into smartphone production. …