China Academy of Information and Communications Technology: In July 2024, mobile phone shipments in the domestic market 2420.4 million units, an increase of 30.5% year-on-year, of which 5G mobile phones 2065.4 million units, an increase of 37.2% year-on-year, accounting for 85.3% of mobile phone shipments in the same period.
Market news: Apple (AAPL. O) plans to increase new iPhone shipments by 10% in 2024, with plans to ship 90 million iPhone 16 in the second half of the year.