Mobile phone component suppliers trade higher as China’s handset shipment rose 25.2% on year in May
STOCKS
Mobile phone component suppliers trade higher as China’s handset shipment rose 25.2% on year in May
STOCKS

Mobile phone component suppliers trade higher as China’s handset shipment rose 25.2% on year in May

 

>>REAL-TIME UPDATES IN THE WIRE. CLICK HERE<<<

 

 

Shares of Sunny Optical are gaining more than 4%, AAC Tech up 3.3%, Tongda Group up over 2% and BYD Electronic up nearly 2%

Mobile phone shipments in China’s domestic market reached 26.04 million units in May, rising by 25.2% from a year earlier, according to data from the China Academy of Information and CommunicationsTechnology, a think tank under the Ministry of Industry and Information Technology.

In the first five months of the year, domestic mobile phone shipments fell 0.7% on year to 108 million units, and shipments of 5G phones fell 1.4% to 84.97 million units, accounting 79% of the total, showed the data.