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MIIT: CN 1Q Handset Output Up 13.6% YoY
In the first quarter of 2024, the value added of the electronic information manufacturing industry above the scale in China grew by 13% YoY, with a growth rate faster than that of ...
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MIIT: CN 1Q Handset Output Up 13.6% YoY
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In the first quarter of 2024, the value added of the electronic information manufacturing industry above the scale in China grew by 13% YoY, with a growth rate faster than that of the industrial/ high-technology manufacturing industries in the same period by 6.9/ and 5.5 ppts respectively, as the Ministry of Industry and Information Technology (MIIT) released data on the operational situation of the electronic information manufacturing industry.
For the month of March alone, the value added of the above-scale electronic information manufacturing industry gained 10.6% YoY.
In the first quarter of 2024, among the major products, the output of handsets numbered 374 million units, representing a 13.6% YoY growth; of which 276 million units were smartphones, representing a 16.7% YoY growth; the output of micro-computing equipment was 74.04 million units, representing a 0.8% YoY decline; and the output of integrated circuits was 98.1 billion pieces, representing a 40% YoY hike.
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