China-based smartphone vendors Xiaomi Technology and LeEco
reportedly have reduced their orders for parts and components recently
as their smartphone sales have been affected by recent price hikes,
according to sources from Taiwan's handset supply chain.
Xiaomi
has seen online sales of its smartphones decline 10% recently after it
raised prices of its Redmi 4 series products, including the Redmi 4 and
Redmi 4A, by CNY100 (US$14.50) on average, citing rising prices for
parts and components, said the sources.
LeEco also
raised the price of its Pro 3 4GB model to CNY1,899 from the previous
CNY1,799, and the Pro 3 6GB to CNY2,099 from CNY1,999.
The
price hikes came even after the two vendors saw their smartphone
shipments decline 42.4% and 39.5%, respectively, on quarter in the
fourth quarter of 2016, pointed out Digitimes Research.
Smartphone
shipments in the China market are expected to see a decline of 19.3% on
quarter and 2% on year to below 100 million units in the first quarter
of 2017, Digitimes Research has estimated.
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