China's red hot smartphone market has gone cold. Chinese consumers bought just 91 million phones in the first three months of this year. Huawei profits jump 28%That slowdown has already hit Samsung (SSNLF) sales in China, the world's largest smartphone market. Canalys predicts growth in the smartphone market will pick up again in the next three months, thanks to new flagship phones from Oppo and Vivo. Annual smartphone sales dipped for the first time ever last year, falling 4% to 459 million phones.

Source: CNN April 26, 2018 10:18 UTC