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Despite Chip Shortage, Apple, Huawei, and Samsung Phone Sales Rise in China
Huawei and Apple recorded strong growth in the Chinese smartphone market during the second quarter of the year, despite a 4.3% decline in the overall market. Both companies achieved approximately a 20% year-over-year increase in shipments. This is attributed to the rising costs of memory chips, which increased by 300%, boosting demand for flagship phones while putting pressure on budget device segments.
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