Major Shakeout Coming For Chinese Phone Makers - Twice

Major Shakeout Coming For Chinese Phone Makers

"The startup Dakele looked pretty smart when it released a phone in China four years ago. The market was doubling annually, and the company put brand-name components inside a device that cost a fraction of the iPhone."
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China's flock of 300 mobile phone manufacturers could be halved by next year as falling demand, a softer economy and increased competition cull the herd, vendors and analysts say, compelling companies like Huawei and One Plus to look abroad for growth.

"The startup Dakele looked pretty smart when it released a phone in China four years ago. The market was doubling annually, and the company put brand-name components inside a device that cost a fraction of the iPhone."

Read More at Bloomberg

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