China smartphone shipments resume downturn in May

Chinese domestic smartphone shipments declined by 10.4% year on year in May 2020, resuming its downturn following year-on-year growth of 17.2% in April, China Academy of Information and Communications Technology (CAICT) data - released on June 10 - shows.

Mobile phone shipments in China totalled 32.7 million in May, while total shipments so far this year amounted to 121 million, down by 16% year on year.
Shipments of smartphones with fifth generation (5G) network reached 15.6 million in May, 5% lower month on month from April.

Market sentiment for...

Bank of Japan boosts rates, continuing an unwinding carry trade

Gold stocks outperform equity market slide

Silver inventories rebound in UK, output from major producers rises

Silver's three-month outperformance continues

Silver & Copper Supply Distortions Continue