TechMeme July 7, 2026
Counterpoint: China smartphone sales fell 13% YoY during the 618 shopping festival as brands raised prices to offset memory costs; Honor fell 33% and Xiaomi 24% (Reuters)
China smartphone sales fell 13% year-on-year during the 618 shopping festival. Honor's sales declined 33%, while Xiaomi's sales dropped 24%. Brands raised prices to offset memory costs.