China's smartphone shipments fell 15.4% year over year in Q3 2026

Reuters reports, citing IDC, that 57.9 million smartphones shipped in China in the third quarter of 2026, down 15.4% from a year earlier. Huawei was the only major vendor with double-digit growth, leading with a 21% market share; Apple was second at 17.8%. IDC analyst Arthur Guo said vendors have raised retail prices as component costs climb.