The mobile phone industry chain saw a comprehensive decline. At the time of writing, Q TECH (01478) fell 5.91% to HKD 8.75; BYD ELECTRONIC (00285) dropped 4.13% to HKD 32.02; COWELL (01415) decreased 3.76% to HKD 29.14.

In December 2025, China's smartphone sales reached approximately 21 million units, representing a year-on-year decline of about 20%.

Huawei, OPPO, Honor, vivo, and Apple ranked in the top five with market shares of approximately 20%, 17%, 14%, 14%, and 13% respectively.

Goldman Sachs released a research report stating that, due to rising memory prices, it has lowered its global smartphone shipment forecasts for 2026/2027 by 6%/5% to 1.2 billion/1.2 billion units, representing year-on-year changes of -6%/+2%.