Manufacturers delegated 5G support, and reported that 2023Q1's domestic 1000-yuan phone market increased by 22% compared with the same period last year.

CTOnews.com June 14 news, According to the market research agency Counterpoint Research released the latest report, In the first quarter of 2023 the domestic smartphone market overall decline trend, But the entry-level market, Refer to the price of less than 150 dollars (CTOnews.com Note: Currently about 1074 yuan) Mobile phones, Year-on-year growth of 22%.

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The entry-level market demand is more flexible due to the prevalence of code-scanning payments in China and work-related mobile phone demand, the report said. People increasingly rely on smartphones. Smartphones have become a necessity for finding jobs or working for the gig economy in areas such as food delivery and car drivers.

Moreover, due to the decline in manufacturing costs, manufacturers continue to decentralize 5G and other functions for this market segment. However, the report also pointed out that the replacement cycle of Chinese users has exceeded 40 months, and it is estimated that most users will not mainly use mobile phones under $150 for a long time.