Morning News Latest data on the Chinese smartphone market revealed Renault’s record-breaking profits

Latest data on the Chinese smartphone market shows Renault's record-breaking profits

【PhoneAuto Morning News】According to the latest data released by International Data Corporation (IDC), the shipment volume of China’s smartphone market in the second quarter of 2023 is about 65.7 million units, a year-on-year decrease of 2.1%. Renault has announced its financial report for the first half of 2023 on its official website. The Audi e-tron GT has officially launched, offering only two configurations. The standard version is priced at 998,000 yuan, while the RS version is priced at 1,468,800 yuan. Qualcomm held the Snapdragon Game Tech Awards event on the eve of ChinaJoy.

On July 27th, according to the latest data released by International Data Corporation (IDC), the shipment volume of China’s smartphone market in the second quarter of 2023 is about 65.7 million units, a year-on-year decrease of 2.1%. The shipment volume in the first half of the year is about 130 million units, a year-on-year decrease of 7.4%.

Huawei foldable phone

Regarding the ranking of manufacturers, OPPO maintained its position as the number one domestic smartphone market in the second quarter with a market share of 17.7%. IDC stated that the sub-brand OnePlus continues to maintain a triple-digit year-on-year growth rate, continuously increasing market share, and helping OPPO’s overall market share steadily grow. Vivo ranked second with a market share of 17.2%, but its shipment volume decreased by 11.9% year-on-year. Honor and Apple ranked third and fourth with market shares of 16.4% and 15.3%, respectively. Among them, Apple is one of the few manufacturers among the top five smartphone manufacturers that achieved year-on-year growth.

On the evening of July 27th, Renault announced its financial report for the first half of 2023 on its official website. Renault stated that the company’s profit in the first half of the year reached a record high of 2 billion euros (about 15.9 billion yuan), more than double compared to the same period last year.

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