When China sneezes, a big chunk of the smartphone industry apparently catches the flu. On the heels of tech giants like Apple and Samsung coming out with lowered revenue forecasts for the holiday quarter, which they blamed in part on a slowdown in China’s economy, new numbers out today paint a worrisome picture for the world’s second largest economy. The key takeaway: China is arguably dragging the smartphone industry into a recession.
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Demand for smartphones in China slows down, spelling trouble for tech giants originally appeared on BGR.com on Wed, 9 Jan 2019 at 01:07:35 EDT. Please see our terms for use of feeds.
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